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Verizon Communications - VZ Stock Forecast, Price & News

$37.10
-0.07 (-0.19%)
(As of 12/8/2022 05:25 PM ET)
Add
Compare
Today's Range
$36.87
$37.24
50-Day Range
$35.35
$39.81
52-Week Range
$34.55
$55.51
Volume
19.54 million shs
Average Volume
22.96 million shs
Market Capitalization
$155.81 billion
P/E Ratio
8.05
Dividend Yield
7.02%
Price Target
$48.60

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
31.3% Upside
$48.60 Price Target
Short Interest
Healthy
0.81% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.57mentions of Verizon Communications in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.73%
From $5.19 to $5.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Computer And Technology Sector

18th out of 621 stocks

Telephone Communication, Except Radio Industry

1st out of 28 stocks

VZ stock logo

About Verizon Communications (NYSE:VZ) Stock

Verizon Communications Inc., through its subsidiaries, 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 comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline 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, such as 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, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline 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.

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VZ Stock News Headlines

BuzzFeed cuts 12% of staff citing worsening econ conditions
Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions
Zoom Video Continues to Work Through Normalization (VZ)
Zoom Video (NASDAQ: ZM) has gone from an obscure but easy-to-use video communications platform to becoming a verb synonymous with video conferencing
After Nixing its 13% Dividend, Is Lumen Technologies Okay To Own? (VZ)
The Company changed its name from CenturyLink to Lumen Technologies in 2020, the company has been shedding some of its businesses to pay down debt
Black Friday Deals on These 3 Dividend Plays (VZ)
Discounted prices means investors will have the opportunity to bank some nice yields on above-market dividend payers. These are a few of our favorites.
The Dogs of The S&P 500 And Why To Invest In Them  (VZ)
The Dogs of the S&P 500 is a little-known strategy for income investors that focuses on this year's weakest sectors to find the highest yields and low values.
Verizon Lower on Leadership Changes
Verizon Consumer CEO Manon Brouillette Resigns >VZ
Next-Level Networking in the Digital Business World
Verizon announces changes to Consumer Group Leadership
Verizon helps L.A. Comic Con attendees get their game on
See More Headlines
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VZ Company Calendar

Ex-Dividend for 11/1 Dividend
10/06/2022
Last Earnings
10/21/2022
Dividend Payable
11/01/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Ex-Dividend for 2/1 Dividend
1/09/2023
Next Earnings (Estimated)
1/24/2023
Dividend Payable
2/01/2023

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
CUSIP
92343V10
Employees
118,400
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$48.60
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+31.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
21 Analysts

Profitability

Net Income
$22.07 billion
Pretax Margin
18.88%

Debt

Sales & Book Value

Annual Sales
$133.61 billion
Cash Flow
$9.25 per share
Book Value
$19.82 per share

Miscellaneous

Outstanding Shares
4,199,817,000
Free Float
4,195,617,000
Market Cap
$155.81 billion
Optionable
Optionable
Beta
0.38

Social Links


Key Executives

  • Mr. Hans E. VestbergMr. Hans E. Vestberg (Age 57)
    Chairman & CEO
    Comp: $5.84M
  • Mr. Matthew D. EllisMr. Matthew D. Ellis (Age 51)
    Exec. VP & CFO
    Comp: $2.59M
  • Mr. Kyle Malady (Age 54)
    Exec. VP, Pres of Global Networks & Technology
    Comp: $2.42M
  • Ms. Tamara A. Erwin (Age 57)
    Advisor
    Comp: $2.34M
  • Mr. Brady Connor
    Sr. VP of Investor Relations
  • Ms. Vandana Venkatesh
    Exec. VP & Chief Legal Officer
  • Mr. James J. Gerace (Age 58)
    Sr. VP & Chief Communications Officer
  • Mr. Diego Scotti (Age 49)
    Exec. VP & Chief Marketing Officer
  • Ms. Samantha Hammock (Age 43)
    Exec. VP & Chief HR Officer
  • Ms. Magda N. Yrizarry
    Sr. VP and Chief Talent & Diversity Officer













VZ Stock - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

21 Wall Street equities 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 5 buy ratings for the stock. The consensus among Wall Street equities 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.
View VZ analyst ratings
or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2023?

21 analysts have issued 12 month price targets for Verizon Communications' shares. Their VZ share price forecasts range from $37.00 to $68.00. On average, they expect the company's stock price to reach $48.60 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for VZ
or view top-rated stocks among Wall Street analysts.

How have VZ shares performed in 2022?

Verizon Communications' stock was trading at $51.96 at the beginning of 2022. Since then, VZ stock has decreased by 28.7% and is now trading at $37.03.
View the best growth stocks for 2022 here
.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our VZ earnings forecast
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) released its earnings results on Friday, October, 21st. The cell phone carrier reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.04. The cell phone carrier earned $34.20 billion during the quarter, compared to the consensus estimate of $33.79 billion. Verizon Communications had a trailing twelve-month return on equity of 25.80% and a net margin of 14.22%. The firm's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS.
Read the conference call transcript
.

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

Verizon Communications announced a quarterly dividend on Thursday, December 1st. Investors of record on Tuesday, January 10th will be given a dividend of $0.6525 per share on Wednesday, February 1st. This represents a $2.61 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Monday, January 9th.
Read our dividend analysis for VZ
.

Is Verizon Communications a good dividend stock?

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 7.08%. 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 56.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 51.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

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

Verizon Communications issued an update on its FY 2022 earnings guidance on Saturday, October, 29th. The company provided earnings per share (EPS) guidance of $5.10-$5.25 for the period, compared to the consensus EPS estimate of $5.19. The company issued revenue guidance of -.

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

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.

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 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.32%), BlackRock Inc. (7.60%), State Street Corp (3.93%), Bank of New York Mellon Corp (0.94%), Dimensional Fund Advisors LP (0.87%) and California Public Employees Retirement System (0.65%). 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.
View institutional ownership trends
.

How do I buy shares of Verizon Communications?

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.
Compare Top Brokerages Here.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $37.03.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $155.52 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 $4.61 on an earnings per share basis.

How many employees does Verizon Communications have?

The company employs 118,400 workers across the globe.

Does Verizon Communications have any subsidiaries?
The following companies are subsidiares of Verizon Communications: AOL, AirTouch Cellular Inc., Alltel, Alltel Corporation, BAMS Communications LLC, Blue Jeans Network, BlueJeans Network, Bluegrass Cellular, Cellco Partnership, CloudSwitch, Complex, EdgeCast Networks, FleetMatics, GTE, GTE Wireless LLC, Hughes Telematics, Inceptor, Incubed IT, Jaunt, LQD WiFi, MCI Communications, MCI Communications Services LLC, Moment, Niddel, ProtectWise, Qwest Wireless Spectrum (Network Assets), Senion, Sensity Systems, Skyward, SocialRadar, Straight Path Communications, Telogis, Terremark Worldwide, TracFone Wireless, UpLynk, Verizon Americas LLC, Verizon Avenue, Verizon Business Network Services LLC, Verizon Delaware LLC, Verizon International Business Ventures Inc., Verizon International Inc., Verizon Maryland LLC, Verizon New England Inc., Verizon New Jersey Inc., Verizon New York Inc., Verizon Pennsylvania LLC, Verizon Ventures LLC, Verizon Virginia LLC, Vessel, Vidder, Volicon, WideOpenWest - Fiber-Optic Network, XO Communications, Yahoo!, and go90.
Read More
How can I contact Verizon Communications?

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.

This page (NYSE:VZ) was last updated on 12/8/2022 by MarketBeat.com Staff