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NYSE:VZVerizon Communications Stock Price, Forecast & News

$58.64
-0.35 (-0.59 %)
(As of 08/11/2020 03:30 PM ET)
Add
Compare
Today's Range
$58.64
Now: $58.64
$59.60
50-Day Range
$53.16
MA: $55.87
$58.53
52-Week Range
$48.84
Now: $58.64
$62.22
Volume611,770 shs
Average Volume13.15 million shs
Market Capitalization$242.66 billion
P/E Ratio12.72
Dividend Yield4.20%
Beta0.46
Verizon Communications Inc., through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices. As of December 31, 2018, it had 118.0 million retail connections. Its Wireline segment offers traditional circuit-based network products and services; networking solutions, comprising private Internet protocol (IP), Ethernet, and software-defined wide area network, as well as cyber security services; local exchange, regional, long distance, and toll-free calling services; voice messaging and conferencing services; and workforce productivity and customer contact center solutions, as well as residential fixed connectivity solutions, including Internet, TV, and voice services under the Fios brand name. This segment also provides premises equipment, as well as installation, maintenance, and site services; data, voice, local dial tone, and broadband services primarily to local, long distance, and wireless carriers; voice and networking products, Fios services, IP networking, voice solutions, security, and managed information technology services for small and medium businesses, state and local governments, and educational institutions; and security and managed network services. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.
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Verizon Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.45 out of 5 stars


Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
CUSIP92343V10
Phone212-395-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$8.87 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Miscellaneous

Employees135,000
Outstanding Shares4,138,050,000
Market Cap$242.66 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$58.64
-0.35 (-0.59 %)
(As of 08/11/2020 03:30 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Verizon Communications (NYSE:VZ) Frequently Asked Questions

How has Verizon Communications' stock price been impacted by COVID-19?

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, VZ shares have increased by 7.2% and is now trading at $58.7550.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Verizon Communications?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 15 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Verizon Communications
.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) released its earnings results on Friday, July, 24th. The cell phone carrier reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.03. The cell phone carrier had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.98 billion. Verizon Communications had a net margin of 14.76% and a return on equity of 32.15%. The company's revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share.
View Verizon Communications' earnings history
.

How often does Verizon Communications pay dividends? What is the dividend yield for Verizon Communications?

Verizon Communications declared a quarterly dividend on Thursday, June 4th. Stockholders of record on Friday, July 10th will be given a dividend of $0.615 per share on Monday, August 3rd. This represents a $2.46 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, July 9th.
View Verizon Communications' dividend history
.

How will Verizon Communications' stock buyback program work?

Verizon Communications declared that its board has approved a stock buyback plan on Thursday, February 6th 2020, which allows the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

What guidance has Verizon Communications issued on next quarter's earnings?

Verizon Communications issued an update on its FY 2020 Pre-Market earnings guidance on Friday, July, 24th. The company provided earnings per share guidance of 4.71-4.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.75.

What price target have analysts set for VZ?

23 equities research analysts have issued 12-month target prices for Verizon Communications' shares. Their forecasts range from $54.00 to $70.00. On average, they expect Verizon Communications' share price to reach $62.00 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price.
View analysts' price targets for Verizon Communications
.

Has Verizon Communications been receiving favorable news coverage?

News stories about VZ stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Verizon Communications earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news stories about the cell phone carrier a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Verizon Communications
.

Are investors shorting Verizon Communications?

Verizon Communications saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 34,370,000 shares, a decline of 11.1% from the December 31st total of 38,660,000 shares. Based on an average daily volume of 11,620,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.8% of the company's shares are short sold.
View Verizon Communications' Short Interest
.

Who are some of Verizon Communications' key competitors?

What other stocks do shareholders of Verizon Communications own?

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), Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and Exxon Mobil (XOM).

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the following people:
  • Mr. Hans E. Vestberg, Chairman & CEO (Age 54)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 48)
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 60)
  • Mr. Ronan J. Dunne, Exec. VP & Group CEO of Verizon Consumer (Age 56)
  • Mr. K. Guru Gowrappan, Exec. VP & Group CEO of Verizon Media (Age 38)

What is Verizon Communications' stock symbol?

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

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a number of retail and institutional investors. Top institutional investors include Swiss National Bank (0.45%), LSV Asset Management (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Principal Financial Group Inc. (0.28%), New York State Common Retirement Fund (0.26%) and PNC Financial Services Group Inc. (0.22%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Lowell C Mcadam and Tami A Erwin.
View institutional ownership trends for Verizon Communications
.

Which major investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, DNB Asset Management AS, Cooke & Bieler LP, Hexavest Inc., First Trust Advisors LP, LSV Asset Management, MERIAN GLOBAL INVESTORS UK Ltd, and Calamos Advisors LLC. Company insiders that have sold Verizon Communications company stock in the last year include Anthony T Skiadas, Craig L Silliman, and Tami A Erwin.
View insider buying and selling activity for Verizon Communications
.

Which major investors are buying Verizon Communications stock?

VZ stock was bought by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Principal Financial Group Inc., Unigestion Holding SA, Swiss National Bank, Prudential PLC, Sawgrass Asset Management LLC, Pacer Advisors Inc., and Fifth Third Bancorp.
View insider buying and selling activity for Verizon Communications
.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $58.76.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $243.13 billion and generates $131.87 billion in revenue each year. The cell phone carrier earns $19.27 billion in net income (profit) each year or $4.81 on an earnings per share basis. Verizon Communications employs 135,000 workers across the globe.

What is Verizon Communications' official website?

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

How can I contact Verizon Communications?

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]

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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