NYSE:VZ

Verizon Communications Stock Forecast, Price & News

$54.06
+0.03 (+0.06 %)
(As of 09/22/2021 04:00 PM ET)
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Today's Range
$54.02
$54.39
50-Day Range
$54.03
$56.55
52-Week Range
$53.83
$61.95
Volume15.90 million shs
Average Volume17.36 million shs
Market Capitalization$223.81 billion
P/E Ratio11.19
Dividend Yield4.65%
Beta0.47
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Verizon Communications logo

About Verizon Communications

Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products; video and data services; corporate networking solutions; security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.

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MarketRank

Overall MarketRank

3.30 out of 5 stars

Computer And Technology Sector

3rd out of 858 stocks

Telephone Communication, Except Radio Industry

2nd out of 43 stocks

Analyst Opinion: 3.1Community Rank: 4.0Dividend Strength: 5.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Verizon Communications (NYSE:VZ) Frequently Asked Questions

Is Verizon Communications a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 1 sell rating, 8 hold ratings and 4 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.

What stocks does MarketBeat like better than Verizon Communications?

Wall Street analysts have given Verizon Communications a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Verizon Communications wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Verizon Communications' next earnings date?

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

How can I listen to Verizon Communications' earnings call?

Verizon Communications will be holding an earnings conference call on Wednesday, October 20th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) issued its earnings results on Tuesday, July, 20th. The cell phone carrier reported $1.37 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.30 by $0.07. The cell phone carrier earned $33.76 billion during 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 business's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS.
View Verizon Communications' earnings history
.

How has Verizon Communications' stock been impacted by Coronavirus (COVID-19)?

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VZ stock has decreased by 1.4% and is now trading at $54.06.
View which stocks have been most impacted by COVID-19
.

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

Verizon Communications declared a quarterly dividend on Thursday, September 2nd. Shareholders of record on Friday, October 8th will be paid a dividend of $0.64 per share on Monday, November 1st. This represents a $2.56 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, October 7th. This is a positive change from Verizon Communications's previous quarterly dividend of $0.63.
View Verizon Communications' dividend history
.

Is Verizon Communications a good dividend stock?

Verizon Communications pays an annual dividend of $2.51 per share and currently has a dividend yield of 4.65%. 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 46.65% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
View Verizon Communications' dividend history.

How will Verizon Communications' stock buyback program work?

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

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

Verizon Communications issued an update on its FY 2021 earnings guidance on Wednesday, August, 4th. The company provided earnings per share (EPS) guidance of $5.250-$5.350 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.120. The company issued revenue guidance of -.

What price target have analysts set for VZ?

13 analysts have issued twelve-month target prices for Verizon Communications' shares. Their forecasts range from $50.00 to $68.00. On average, they expect Verizon Communications' stock price to reach $60.75 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Verizon Communications
or view top-rated stocks among Wall Street analysts.

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the following people:
  • Hans Erik Vestberg, Chairman & Chief Executive Officer
  • Matthew D. Ellis, Chief Financial Officer & Executive Vice President
  • Kyle J. Malady, Chief Technology Officer & Executive VP
  • Shankar Arumugavelu, Global Chief Information Officer
  • Craig Silliman, Chief Administrative & Legal Officer, Executive VP (LinkedIn Profile)

What is Hans Vestberg's approval rating as Verizon Communications' CEO?

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.

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), The Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and The Home Depot (HD).

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 shareholders include Vanguard Group Inc. (7.80%), BlackRock Inc. (7.16%), State Street Corp (3.96%), Geode Capital Management LLC (1.68%), Northern Trust Corp (1.21%) and Charles Schwab Investment Management Inc. (1.19%). 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
.

Which major investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Capital International Investors, GSB Wealth Management LLC, Deutsche Bank AG, Swiss National Bank, AQR Capital Management LLC, Epoch Investment Partners Inc., and Northern Trust Corp. 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.

Which major investors are buying Verizon Communications stock?

VZ stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Charles Schwab Investment Management Inc., Amundi, State Street Corp, Parnassus Investments CA, Mn Services Vermogensbeheer B.V., Franklin Resources Inc., and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Verizon Communications
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $54.06.

How much money does Verizon Communications make?

Verizon Communications has a market capitalization of $223.81 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.

How many employees does Verizon Communications have?

Verizon Communications employs 132,200 workers across the globe.

Does Verizon Communications have any subsidiaries?

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.

When was Verizon Communications founded?

Verizon Communications was founded in 1983.

What is Verizon Communications' official website?

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

Where are Verizon Communications' headquarters?

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

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 9/23/2021 by MarketBeat.com Staff
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