Verizon Communications Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Verizon Communications stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VZ, but not buy additional shares or sell existing shares.
View analyst ratings for Verizon Communications or view top-rated stocks.

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Verizon Communications is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Verizon Communications.

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings results on Tuesday, July, 20th. The cell phone carrier reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The cell phone carrier had revenue of $33.76 billion for the quarter, compared to analysts' expectations of $32.73 billion. Verizon Communications had a net margin of 15.05% and a trailing twelve-month return on equity of 30.00%. The company's revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS.
View Verizon Communications' earnings history.

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, VZ stock has increased by 2.5% and is now trading at $56.20.
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Verizon Communications announced a quarterly dividend on Wednesday, June 2nd. Stockholders of record on Friday, July 9th will be paid a dividend of $0.627 per share on Monday, August 2nd. This represents a $2.51 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, July 8th.
View Verizon Communications' dividend history.

Verizon Communications pays an annual dividend of $2.51 per share and currently has a dividend yield of 4.50%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Verizon Communications has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Verizon Communications is 51.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 47.00% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
View Verizon Communications' dividend history.

Verizon Communications announced that its Board of Directors has initiated a share repurchase program on Thursday, February 6th 2020, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Verizon Communications updated its FY21 earnings guidance on Wednesday, July, 21st. The company provided earnings per share guidance of $5.25-5.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.14.

15 brokers have issued 1-year target prices for Verizon Communications' stock. Their forecasts range from $50.00 to $70.00. On average, they expect Verizon Communications' share price to reach $62.38 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
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1,639 employees have rated Verizon Communications CEO Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among Verizon Communications' employees.

Some companies that are related to Verizon Communications include AT&T (T), Lumen Technologies (LUMN), IDT (IDT), Cincinnati Bell (CBB), Consolidated Communications (CNSL) and ATN International (ATNI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Verizon Communications investors own include AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), The Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and The Home Depot (HD).

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

Verizon Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.03%), Manning & Napier Group LLC (0.03%), Welch & Forbes LLC (0.02%), Private Management Group Inc. (0.01%), IFM Investors Pty Ltd (0.01%) and Alpha Cubed Investments LLC (0.01%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Craig L Silliman, Kumara Guru Gowrappan and Tami A Erwin.
View institutional ownership trends for Verizon Communications.

VZ stock was sold by a variety of institutional investors in the last quarter, including Prentiss Smith & Co. Inc., Transform Wealth LLC, Minot Wealth Management LLC, Cypress Capital Group, Maltin Wealth Management Inc., Raymond James Trust N.A., Compagnie Lombard Odier SCmA, and Terril Brothers Inc.. Company insiders that have sold Verizon Communications company stock in the last year include Craig L Silliman, Kumara Guru Gowrappan, and Tami A Erwin.
View insider buying and selling activity for Verizon Communications or view top insider-selling stocks.

VZ stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Brookstone Capital Management, IFM Investors Pty Ltd, Asset Management Advisors LLC, Welch & Forbes LLC, Wealth Advisory Solutions LLC, Pflug Koory LLC, and Corsicana & Co..
View insider buying and selling activity for Verizon Communications or or view top insider-buying stocks.

Shares of VZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VZ stock can currently be purchased for approximately $56.20.

Verizon Communications has a market capitalization of $232.67 billion and generates $128.29 billion in revenue each year. The cell phone carrier earns $17.80 billion in net income (profit) each year or $4.90 on an earnings per share basis.

Verizon Communications employs 132,200 workers across the globe.

The following companies are subsidiares of Verizon Communications: AOL, Alltel, Bell Atlantic Mobile Systems LLC, Blue Jeans Network, BlueJeans Network, Bluegrass Cellular, Cellco Partnership, CloudSwitch, Complex, EdgeCast Networks, FleetMatics, GTE LLC, GTE Wireless LLC, Hughes Telematics, Inceptor, Jaunt, LQD WiFi, MCI Communications, Moment, Niddel, ProtectWise, Qwest Wireless Spectrum (Network Assets), Sensity Systems, Skyward, Straight Path Communications, Telogis, Terremark Worldwide, TracFone Wireless, UpLynk, Verizon Americas Inc., Verizon Avenue, Verizon Business Global LLC, Verizon Delaware LLC, Verizon Maryland LLC, Verizon New England Inc., Verizon New Jersey Inc., Verizon New York Inc., Verizon Pennsylvania LLC, Verizon Virginia LLC, Vessel, Vidder, Volicon, WideOpenWest - Fiber-Optic Network, XO Communications, Yahoo!, and go90.

Verizon Communications was founded in 1983.

The official website for Verizon Communications is www.verizon.com.

Verizon Communications is headquartered at 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036.

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]