Verizon Communications - VZ Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 2 sell ratings, 14 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VZ shares. 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.
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20 brokers have issued twelve-month price targets for Verizon Communications' shares. Their VZ share price forecasts range from $41.00 to $71.00. On average, they anticipate the company's stock price to reach $55.61 in the next twelve months. This suggests a possible upside of 40.7% from the stock's current price.
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Verizon Communications' stock was trading at $51.96 at the beginning of 2022. Since then, VZ shares have decreased by 23.9% and is now trading at $39.52.
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Verizon Communications saw a drop in short interest in August. As of August 15th, there was short interest totaling 28,880,000 shares, a drop of 25.9% from the July 31st total of 39,000,000 shares. Based on an average daily trading volume, of 19,400,000 shares, the days-to-cover ratio is presently 1.5 days.
View Verizon Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our VZ earnings forecast.

Verizon Communications will be holding an earnings conference call on Friday, October 21st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Verizon Communications Inc. (NYSE:VZ) released its quarterly earnings data on Friday, July, 22nd. The cell phone carrier reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by $0.01. The cell phone carrier earned $33.79 billion during the quarter, compared to analysts' expectations of $33.77 billion. Verizon Communications had a trailing twelve-month return on equity of 26.95% and a net margin of 15.48%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share.
Read the conference call transcript.

Verizon Communications declared a quarterly dividend on Wednesday, September 7th. Investors of record on Friday, October 7th will be paid a dividend of $0.6525 per share on Tuesday, November 1st. This represents a $2.61 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for VZ.

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.56 per share and currently has a dividend yield of 6.41%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 48.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

Verizon Communications updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of $5.10-$5.25 for the period, compared to the consensus EPS estimate of $5.41. The company issued revenue guidance of -.

1,639 employees have rated Verizon Communications Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's employees.

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 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 investors include State Street Corp (3.90%), Northern Trust Corp (1.13%), FMR LLC (1.10%), Legal & General Group Plc (0.75%), California Public Employees Retirement System (0.65%) and UBS Asset Management Americas Inc. (0.48%). Insiders that own company stock include Anthony T Skiadas, Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Kumara Guru Gowrappan and Tami A Erwin.
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Shares of VZ stock 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 $39.52.

Verizon Communications (NYSE:VZ) has a market capitalization of $165.97 billion and generates $133.61 billion in revenue each year. The cell phone carrier earns $22.07 billion in net income (profit) each year or $4.99 on an earnings per share basis.

The company employs 118,400 workers across the globe.

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.verizon.com. The cell phone carrier can be reached via phone at (212) 395-1000, via email at michael.stefanski@verizon.com, or via fax at 212-571-1897.