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Verizon Communications - VZ Stock Forecast, Price & News

$41.28
-0.23 (-0.55%)
(As of 02/6/2023 05:20 PM ET)
Add
Compare
Today's Range
$40.90
$41.59
50-Day Range
$36.89
$42.19
52-Week Range
$34.55
$55.51
Volume
15.53 million shs
Average Volume
23.05 million shs
Market Capitalization
$173.37 billion
P/E Ratio
8.16
Dividend Yield
6.29%
Price Target
$47.63

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
15.6% Upside
$47.63 Price Target
Short Interest
Healthy
1.04% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.32mentions of Verizon Communications in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.62%
From $4.70 to $4.87 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Computer And Technology Sector

32nd out of 611 stocks

Telephone Communication, Except Radio Industry

2nd out of 25 stocks

VZ stock logo

About Verizon Communications (NYSE:VZ) Stock

Verizon Communications Inc. is the US's largest provider of mobile and telephone services. It has its roots in the original Bell system and is one of only 3 “baby Bells” to exist today. The company was spun off from the original Bell network as Bell Atlantic when it was split into 7 companies in 1984. The original home range was from New Jersey to Virginia but, ironically, shortly after the split the baby bells, including Bell Atlantic, began to merge together in order to expand their territories.

Bell Atlantic acquired NYNEX, another baby Bell, in a move that expanded operations into New York and New England. MCI was also added, expanding the long-distance services, then the company acquired until-then independent operator GTE and became a national carrier. The company changed its name to Verizon following the GTE merger and it is a blend of the Latin word veritas which means Truth and Horizon.

Over the years, Verizon has expanded its territory and its offerings to include mobile, internet and entertainment. Among the more notable were the purchase and merging of AOL and Yahoo! which were later spun off in a sale to Apollo Global Management. Among the more important changes the company has made was to sell off its land-based wirelines. Verizon began selling off its land-based wirelines in 2005 in order to focus more fully on mobile and Internet technology.

Today, Verizon offers communications, information technology, and entertainment products to consumers globally. The company operates in 2 key segments that include Consumer and Business. The Consumer segment provides wireless connectivity, internet access for mobile devices, and wireless and mobile devices including those for the IoT. As of the end of the year 2021, the company laid claim to more than 143 million retail subscribers and was the largest mobile provider by almost 30%.

The Business segment provides connectivity at the enterprise level that includes mobile, networking, Internet access, VOIP and video, security and IoT. As of 2021, this segment had more than 27 million wireless and 477,000 broadband connections. Both the Consumer and Business segments are being upgraded to the 5G protocol. At the end of 2022 more than 175 million users were covered by the service.

Verizon is the US's 24th largest company by revenue and a member of both the S&P 500 and the Dow Jones Industrial Average. The company has paid a dividend every quarter since it went public in 2000 and had increased the payment for 18 consecutive years as of 2022.



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VZ Stock News Headlines

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The communications industry is showing signs of life recently, as large caps including Verizon and Charter are posting strong one-month uptrends.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
High-Yield, Deep-Value Verizon Puts In A Bottom 
Verizon is trading at such a low valuation and high yield that it is almost too good to pass up and the institutions aren't.
Which Wireless Stock Should You Buy in 2023? (VZ)
in this article, we’ll look at three of the biggest names in wireless: and offer some thoughts about why each stock may be a buy in 2023.
The Dow’s Biggest Dividends: Here Are 2023’s Dogs.
Stocking the kitchen and rewarding the team could go a long way in boosting morale.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Best Dividend Stock To Buy: Verizon Stock vs. Ford Stock
3 Red Flags for Verizon Investors
Verizon Is Growing Again, But There's a Problem
See More Headlines
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VZ Company Calendar

Ex-Dividend for 2/1 Dividend
1/09/2023
Last Earnings
1/24/2023
Dividend Payable
2/01/2023
Today
2/06/2023
Next Earnings (Estimated)
4/28/2023
Fiscal Year End
12/31/2023

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
$47.63
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
19 Analysts

Profitability

Net Income
$21.26 billion
Pretax Margin
20.66%

Debt

Sales & Book Value

Annual Sales
$136.84 billion
Cash Flow
$9.19 per share
Book Value
$22.02 per share

Miscellaneous

Outstanding Shares
4,199,820,000
Free Float
4,198,977,000
Market Cap
$173.37 billion
Optionable
Optionable
Beta
0.38

Social Links


Key Executives

  • Hans Erik VestbergHans Erik Vestberg
    Chairman & Chief Executive Officer
  • Matthew D. EllisMatthew D. Ellis
    Chief Financial Officer & Executive Vice President
  • Kyle J. Malady
    EVP & President-Global Networks & Technology
  • Shankar Arumugavelu
    Global Chief Information Officer
  • Craig SillimanCraig Silliman
    Chief Administrative Officer & Executive VP













VZ Stock - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 5 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.
View VZ analyst ratings
or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2023?

19 Wall Street analysts have issued 1-year price objectives for Verizon Communications' shares. Their VZ share price forecasts range from $37.00 to $64.00. On average, they anticipate the company's share price to reach $47.63 in the next year. This suggests a possible upside of 15.8% 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 2023?

Verizon Communications' stock was trading at $39.40 at the start of the year. Since then, VZ shares have increased by 4.4% and is now trading at $41.13.
View the best growth stocks for 2023 here
.

Are investors shorting Verizon Communications?

Verizon Communications saw a increase in short interest in January. As of January 15th, there was short interest totaling 43,750,000 shares, an increase of 24.1% from the December 31st total of 35,240,000 shares. Based on an average daily trading volume, of 24,540,000 shares, the short-interest ratio is currently 1.8 days.
View Verizon Communications' Short Interest
.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our VZ earnings forecast
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, January, 24th. The cell phone carrier reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by $0.01. The cell phone carrier had revenue of $35.30 billion for the quarter, compared to analyst estimates of $35.14 billion. Verizon Communications had a net margin of 15.53% and a trailing twelve-month return on equity of 24.60%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share.
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. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.35%. 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 6.29%. 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 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 53.59% 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 2023 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of $4.55-$4.85 for the period, compared to the consensus EPS estimate of $4.99. 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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.31%), State of Michigan Retirement System (0.19%), New York State Common Retirement Fund (0.18%), Bank of Montreal Can (0.17%), New York State Teachers Retirement System (0.12%) and DekaBank Deutsche Girozentrale (0.10%). 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 $41.13.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $172.74 billion and generates $136.84 billion in revenue each year. The cell phone carrier earns $21.26 billion in net income (profit) each year or $5.06 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 2/6/2023 by MarketBeat.com Staff