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NYSE:VZ - Verizon Communications Stock Price, Forecast & News

$54.77
+2.00 (+3.79 %)
(As of 03/31/2020 02:28 AM ET)
Today's Range
$52.94
Now: $54.77
$55.03
50-Day Range
$49.94
MA: $55.72
$60.24
52-Week Range
$48.84
Now: $54.77
$62.22
Volume20.65 million shs
Average Volume21.12 million shs
Market Capitalization$226.52 billion
P/E Ratio11.78
Dividend Yield4.66%
Beta0.54
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$9.19 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Miscellaneous

Employees135,000
Outstanding Shares4,135,864,000
Market Cap$226.52 billion
Next Earnings Date4/24/2020 (Confirmed)
OptionableOptionable

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Verizon Communications (NYSE:VZ) Frequently Asked Questions

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

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 shares have decreased by 0.1% and is now trading at $54.77. View which stocks have been mosted impacted by Coronavirus.

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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 10 hold ratings and 8 buy ratings 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, April 24th 2020. 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 Friday, April 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) released its quarterly earnings results on Thursday, January, 30th. The cell phone carrier reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by $0.02. The cell phone carrier earned $34.78 billion during the quarter, compared to the consensus estimate of $34.62 billion. Verizon Communications had a return on equity of 33.39% and a net margin of 14.61%. The company's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. View Verizon Communications' earnings history.

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

Verizon Communications announced a quarterly dividend on Friday, March 6th. Investors of record on Monday, April 13th will be paid a dividend of $0.615 per share on Friday, May 1st. This represents a $2.46 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, April 9th. View Verizon Communications' dividend history.

How will Verizon Communications' stock buyback program work?

Verizon Communications announced that its board has initiated a stock buyback program on Thursday, February 6th 2020, which allows the company to buyback 100,000,000 shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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

Verizon Communications updated its FY 2020 Pre-Market earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of 4.91-5.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.94.

What price target have analysts set for VZ?

18 analysts have issued twelve-month price targets for Verizon Communications' stock. Their forecasts range from $57.00 to $70.00. On average, they anticipate Verizon Communications' share price to reach $62.92 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View analysts' price targets for Verizon Communications.

Has Verizon Communications been receiving favorable news coverage?

News articles about VZ stock have trended very negative recently, InfoTrie reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -3.7 on InfoTrie's scale. They also assigned news stories about the cell phone carrier a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutVerizon Communications.

Are investors shorting Verizon Communications?

Verizon Communications saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 39,553,300 shares, a decline of 7.2% from the February 27th total of 42,630,000 shares. Based on an average trading volume of 15,280,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.0% of the shares of the company are sold short. View Verizon Communications' Current Options Chain.

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), NVIDIA (NVDA), General Electric (GE), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Bank of America (BAC), AbbVie (ABBV), Wells Fargo & Co (WFC), Altria Group (MO) and Ford Motor (F).

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."

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 $54.77.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $226.52 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. View additional information about Verizon Communications.

What is Verizon Communications' official website?

The official website for Verizon Communications is http://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]


MarketBeat Community Rating for Verizon Communications (NYSE VZ)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  1,028 (Vote Outperform)
Underperform Votes:  1,360 (Vote Underperform)
Total Votes:  2,388
MarketBeat's community ratings are surveys of what our community members think about Verizon Communications and other stocks. Vote "Outperform" if you believe VZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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