Verizon Communications Stock Forecast, Price & News

$58.72
-0.57 (-0.96 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$58.60
$59.07
50-Day Range
$56.24
$59.29
52-Week Range
$52.85
$61.95
Volume15.68 million shs
Average Volume19.41 million shs
Market Capitalization$243.10 billion
P/E Ratio12.74
Dividend Yield4.23%
Beta0.44
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
CUSIP92343V10
Phone212-395-1000
Employees132,200
Year Founded1983

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$9.08 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares4,140,067,000
Market Cap$243.10 billion
Next Earnings Date7/23/2021 (Estimated)
OptionableOptionable

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About Verizon Communications

Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. It also provides residential fixed connectivity solutions, including internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

MarketRank

Overall MarketRank

2.42 out of 5 stars

Computer And Technology Sector

12th out of 1,563 stocks

Telephone Communication, Except Radio Industry

1st out of 89 stocks

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 0.8Valuation: 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?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 7 hold ratings and 5 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Verizon Communications wasn't one of them. MarketBeat thinks these five stocks 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 Friday, July 23rd 2021.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings data on Tuesday, April, 20th. The cell phone carrier reported $1.31 EPS for the quarter, beating the consensus estimate of $1.29 by $0.02. The cell phone carrier had revenue of $32.87 billion for the quarter, compared to analysts' expectations of $32.47 billion. Verizon Communications had a net margin of 14.76% and a trailing twelve-month return on equity of 32.15%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS.
View Verizon Communications' earnings history
.

How has Verizon Communications' stock price 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. Since then, VZ shares have increased by 7.1% and is now trading at $58.72.
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, March 4th. Stockholders of record on Friday, April 9th will be given a dividend of $0.6275 per share on Monday, May 3rd. This represents a $2.51 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 8th.
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 4.23%. 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 52.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 50.81% 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 announced that its Board of Directors has initiated a share buyback program on Thursday, February 6th 2020, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management 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 Tuesday, May, 4th. The company provided earnings per share guidance of 5.000-5.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.080. The company issued revenue guidance of -.

What price target have analysts set for VZ?

12 Wall Street analysts have issued 12 month price objectives for Verizon Communications' stock. Their forecasts range from $57.00 to $70.00. On average, they anticipate Verizon Communications' stock price to reach $62.50 in the next twelve months. This suggests a possible upside of 6.4% 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:
  • Mr. Hans E. Vestberg, Chairman & CEO (Age 56, Pay $5.8M) (LinkedIn Profile)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 50, Pay $2.58M) (LinkedIn Profile)
  • Ms. Tamara A. Erwin, Exec. VP & CEO of Verizon Bus. (Age 56, Pay $2.45M) (LinkedIn Profile)
  • Mr. Ronan J. Dunne, Exec. VP & Group CEO of Verizon Consumer Group (Age 58, Pay $2.5M) (LinkedIn Profile)
  • Mr. K. Guru Gowrappan, Exec. VP & Group CEO of Verizon Media (Age 40, Pay $2.09M) (LinkedIn Profile)
  • Mr. Kyle Malady, Exec. VP & CTO (Age 53)
  • Ms. Rathi Murthy, Chief Technology Officer (Age 55)
  • Mr. Craig L. Silliman, Exec. VP & Chief Admin., Legal and Public Policy Officer (Age 53) (LinkedIn Profile)
  • Mr. Brady Connor, Sr. VP of Investor Relations
  • Mr. James J. Gerace, Sr. VP & Chief Communications Officer (Age 57) (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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.38%), Swiss National Bank (0.45%), Parnassus Investments CA (0.42%), LSV Asset Management (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.35%) and The PNC Financial Services Group Inc. (0.22%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman and Tami A Erwin.
View institutional ownership trends for Verizon Communications
.

Which institutional investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., The Manufacturers Life Insurance Company , Congress Asset Management Co. MA, Miller Howard Investments Inc. NY, Ferguson Wellman Capital Management Inc., Standard Life Aberdeen plc, Boston Trust Walden Corp, and DAVENPORT & Co LLC. Company insiders that have sold Verizon Communications company stock in the last year include Craig L Silliman, and Tami A Erwin.
View insider buying and selling activity for Verizon Communications
or view top insider-selling stocks.

Which institutional investors are buying Verizon Communications stock?

VZ stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Diamond Hill Capital Management Inc., GSB Wealth Management LLC, State of Michigan Retirement System, Sound Shore Management Inc CT , Parnassus Investments CA, Envestnet Asset Management Inc., and Wesbanco Bank Inc..
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 $58.72.

How much money does Verizon Communications make?

Verizon Communications has a market capitalization of $243.10 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.

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 5/9/2021 by MarketBeat.com Staff
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