NYSE:VZ - Verizon Communications Stock Price, Price Target & More

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications declared a quarterly dividend on Thursday, June 7th. Investors of record on Tuesday, July 10th will be given a dividend of $0.59 per share on Wednesday, August 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Monday, July 9th. View Verizon Communications' Dividend History.

Verizon Communications announced that its board has initiated a stock buyback plan on Saturday, April 8th 2017, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, April, 24th. The cell phone carrier reported $1.17 EPS for the quarter, topping the consensus estimate of $1.11 by $0.06. The cell phone carrier earned $31.77 billion during the quarter, compared to analysts' expectations of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Verizon Communications.

23 equities research analysts have issued 1 year price targets for Verizon Communications' stock. Their predictions range from $49.00 to $63.00. On average, they anticipate Verizon Communications' share price to reach $54.8421 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings for Verizon Communications.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Verizon Communications saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 36,172,920 shares, an increase of 10.8% from the June 15th total of 32,652,914 shares. Based on an average daily trading volume, of 19,490,393 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the shares of the company are sold short. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), China Mobile (CHL), SOFTBANK Corp/ADR (SFTBY), Nippon Telegraph & Telephone (NTTYY), America Movil SAB de CV ADR Series L (AMX), Telefonica (TEF), Orange (ORAN), SINGAPORE TELEC/S (SGAPY), BCE (BCE), China Telecom (CHA), VIVENDI SA/ADR (VIVHY), Telenor ASA (TELNY), BT Group (BT), Telekomnks Indn Prsr Tbk Prshn Prsrn (TLK) and Telstra (TLSYY).

News articles about VZ stock have trended somewhat negative this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Verizon Communications earned a news impact score of -0.17 on Accern's scale. They also gave news stories about the cell phone carrier an impact score of 48.00 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Verizon Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.14%), Hexavest Inc. (0.13%), DnB Asset Management AS (0.09%), Retirement Systems of Alabama (0.07%), Swedbank (0.07%) and Gateway Investment Advisers LLC (0.05%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Marni M Walden and Roger Gurnani. View Institutional Ownership Trends for Verizon Communications.

VZ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., NN Investment Partners Holdings N.V., Hartford Investment Management Co., Retirement Systems of Alabama, Pendal Group Ltd, Bank of Montreal Can, Hexavest Inc. and Miller Howard Investments Inc. NY. Company insiders that have sold Verizon Communications company stock in the last year include Anthony T Skiadas and Craig L Silliman. View Insider Buying and Selling for Verizon Communications.

VZ stock was acquired by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, DnB Asset Management AS, Sabal Trust CO, Dalton Greiner Hartman Maher & Co., Nikko Asset Management Americas Inc., Foundry Partners LLC, Boston Advisors LLC and Clinton Group Inc.. View Insider Buying and Selling for Verizon Communications.

Shares of VZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of VZ stock can currently be purchased for approximately $50.62.

Verizon Communications has a market capitalization of $211.10 billion and generates $126.03 billion in revenue each year. The cell phone carrier earns $30.10 billion in net income (profit) each year or $3.74 on an earnings per share basis. Verizon Communications employs 155,400 workers across the globe.

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The cell phone carrier can be reached via phone at 212-395-1000 or via email at [email protected]