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

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications announced a quarterly dividend on Friday, December 6th. Stockholders of record on Friday, January 10th will be given a dividend of $0.615 per share on Monday, February 3rd. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, January 9th. View Verizon Communications' Dividend History.

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

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings data on Thursday, January, 30th. The cell phone carrier reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by $0.02. The cell phone carrier had revenue of $34.78 billion for the quarter, compared to analyst estimates of $34.62 billion. Verizon Communications had a net margin of 14.61% and a return on equity of 33.39%. Verizon Communications's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Verizon Communications.

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

16 brokers have issued 12-month price targets for Verizon Communications' shares. Their forecasts range from $57.00 to $70.00. On average, they expect Verizon Communications' share price to reach $63.69 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for Verizon Communications.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Verizon Communications.

News articles about VZ stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verizon Communications earned a news impact score of -1.4 on InfoTrie's scale. They also assigned headlines about the cell phone carrier a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Verizon Communications.

Verizon Communications saw a decline in short interest in January. As of January 31st, there was short interest totalling 34,370,000 shares, a decline of 11.1% from the January 15th total of 38,660,000 shares. Based on an average trading volume of 11,620,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.8% of the company's stock are sold short. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), Centurylink (CTL), ATN International (ATNI), Cincinnati Bell (CBB), Consolidated Communications (CNSL), IDT (IDT) and Frontier Communications (FTR).

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

Verizon Communications' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.97%), Geode Capital Management LLC (1.51%), Capital World Investors (1.24%), FMR LLC (1.08%), Bank of New York Mellon Corp (1.02%) and Capital Research Global Investors (0.74%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Lowell C Mcadam and Tami A Erwin. View Institutional Ownership Trends for Verizon Communications.

VZ stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Assenagon Asset Management S.A., Bank of New York Mellon Corp, AQR Capital Management LLC, CI Investments Inc., Boston Partners, Renaissance Technologies LLC and Acadian Asset Management LLC. Company insiders that have sold Verizon Communications company stock in the last year include Anthony T Skiadas, Craig L Silliman, Lowell C Mcadam and Tami A Erwin. View Insider Buying and Selling for Verizon Communications.

VZ stock was purchased by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Amundi Pioneer Asset Management Inc., California Public Employees Retirement System, Geode Capital Management LLC, Sanders Capital LLC, Coastal Bridge Advisors LLC, FMR LLC and State Street Corp. View Insider Buying and Selling for 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.

One share of VZ stock can currently be purchased for approximately $57.12.

Verizon Communications has a market capitalization of $236.24 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 144,500 workers across the globe.View Additional Information About Verizon Communications.

The official website for Verizon Communications is http://www.verizon.com/.

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]