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Verizon Communications - VZ Stock Forecast, Price & News

$44.89
-0.06 (-0.13%)
(As of 08/8/2022 09:35 AM ET)
Add
Compare
Today's Range
$44.86
$45.09
50-Day Range
$44.43
$52.09
52-Week Range
$43.76
$56.20
Volume
61,920 shs
Average Volume
23.16 million shs
Market Capitalization
$188.53 billion
P/E Ratio
9.00
Dividend Yield
5.70%
Price Target
$56.50

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
25.5% Upside
$56.50 Price Target
Short Interest
Healthy
1.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.56mentions of Verizon Communications in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$237,377 Sold Last Quarter
Proj. Earnings Growth
3.65%
From $5.20 to $5.39 Per Share

Overall MarketRank

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

3.42 out of 5 stars

Computer And Technology Sector

4th out of 835 stocks

Telephone Communication, Except Radio Industry

2nd out of 38 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.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of analyst reports. Scotiabank cut Verizon Communications from a "sector outperform" rating to a "sector perform" rating in a report on Friday, July 22nd. Credit Suisse Group decreased their price target on Verizon Communications from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 21st. Barclays lowered Verizon Communications from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 22nd. Morgan Stanley cut their target price on Verizon Communications from $60.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Monday, July 25th. Finally, UBS Group cut their target price on Verizon Communications from $57.00 to $47.00 and set a "neutral" rating on the stock in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Verizon Communications has an average rating of "Hold" and a consensus target price of $56.50.

Verizon Communications Price Performance

VZ Stock traded up $0.52 during trading hours on Friday, hitting $44.95. 17,297,475 shares of the stock traded hands, compared to its average volume of 21,662,484. The stock has a 50-day simple moving average of $49.40 and a 200 day simple moving average of $50.99. Verizon Communications has a one year low of $43.76 and a one year high of $56.20. The company has a market cap of $188.78 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.14 and a beta of 0.33. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.56.

Verizon Communications (NYSE:VZ - Get Rating) last announced its earnings results on Friday, July 22nd. The cell phone carrier reported $1.31 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.01). Verizon Communications had a net margin of 15.48% and a return on equity of 26.95%. The company had revenue of $33.79 billion for the quarter, compared to analysts' expectations of $33.77 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The company's revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast that Verizon Communications will post 5.2 earnings per share for the current year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 8th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, July 7th. Verizon Communications's dividend payout ratio is 51.30%.

Insider Activity

In related news, EVP Craig L. Silliman sold 1,558 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $50.00, for a total value of $77,900.00. Following the completion of the sale, the executive vice president now directly owns 36,519 shares of the company's stock, valued at approximately $1,825,950. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 4,674 shares of company stock valued at $237,377 over the last three months. Insiders own 0.10% of the company's stock.

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VZ Stock News Headlines

Wall Street drifts as three-day rally runs out of steam
Stocks are drifting in mixed trading on Wall Street Friday following weaker-than-expected readings on the economy and conflicting profit reports from some big companies
Verizon Shares Drop On Earnings Miss, Lower Guidance
Shares of Verizon (NYSE: VZ) tumbled in pre-market trade Friday after the company reported second-quarter earnings that missed Wall Street expectations. The company also slashed full-year guidance.
The Top-Rated Consumer Defensive Stocks With Yield Above 3.5% 
We like using stock screens to look for investing ideas, not so much to find new investments but to remind us (after all these years) of good investments and, more specifically, the right investments for the right times.
AT&T (NYSE:T) Is Its Cheaper Valuation Worth A Buy? (VZ)
AT&T has had a contentious couple of years with its recent partnerships and acquisitions. It is now in a position of being able to pay down its debt and improve its margins and free cash flow, which makes investors question if now is a good time to buy this stock.
Why Verizon Communications Shares Lost 9% in July
Why Verizon Is America's Best Stock
AT&T Looks Stronger than Verizon On 2Q Earnings
Verizon is ‘Fueling the Love’ Coast to Coast
See More Headlines
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VZ Company Calendar

Ex-Dividend for 8/1 Dividend
7/07/2022
Last Earnings
7/22/2022
Dividend Payable
8/01/2022
Today
8/08/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$56.50
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+25.9%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
20 Analysts

Profitability

Net Income
$22.07 billion
Pretax Margin
20.44%

Debt

Sales & Book Value

Annual Sales
$133.61 billion
Cash Flow
$9.18 per share
Book Value
$19.82 per share

Miscellaneous

Outstanding Shares
4,199,714,000
Free Float
4,198,874,000
Market Cap
$188.53 billion
Optionable
Optionable
Beta
0.33

Social Links


Key Executives














VZ Stock - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 1 sell rating, 15 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Verizon Communications stock. 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 analyst ratings for Verizon Communications
or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2022?

20 Wall Street research analysts have issued 12-month price objectives for Verizon Communications' shares. Their VZ stock forecasts range from $44.00 to $71.00. On average, they anticipate Verizon Communications' stock price to reach $56.50 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
View analysts' price targets for Verizon Communications
or view top-rated stocks among Wall Street analysts.

How has Verizon Communications' stock price performed in 2022?

Verizon Communications' stock was trading at $51.96 on January 1st, 2022. Since then, VZ shares have decreased by 13.5% and is now trading at $44.95.
View the best growth stocks for 2022 here
.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) announced its earnings results on Friday, July, 22nd. The cell phone carrier reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by $0.01. The cell phone carrier earned $33.79 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS.
Read Verizon Communications' 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 Tuesday, May 31st. Investors of record on Friday, July 8th will be paid a dividend of $0.64 per share on Monday, August 1st. This represents a $2.56 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Thursday, July 7th.
View Verizon Communications' dividend history
.

Is Verizon Communications a good dividend stock?

Verizon Communications(NYSE:VZ) pays an annual dividend of $2.56 per share and currently has a dividend yield of 5.70%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Verizon Communications 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 of Verizon Communications is 51.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 47.50% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
View Verizon Communications' dividend history.

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

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

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

1,639 employees have rated Verizon Communications CEO Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among Verizon Communications' 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 institutional and retail investors. Top institutional shareholders include Parnassus Investments LLC (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Envestnet Asset Management Inc. (0.15%), Robeco Institutional Asset Management B.V. (0.15%), New York State Teachers Retirement System (0.12%) and State Board of Administration of Florida Retirement System (0.11%). Company insiders that own Verizon Communications 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 for Verizon Communications
.

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 $44.95.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $188.78 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.

How many employees does Verizon Communications have?

Verizon Communications 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

When was Verizon Communications founded?

Verizon Communications was founded in 1983.

How can I contact Verizon Communications?

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for Verizon Communications 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 8/8/2022 by MarketBeat.com Staff

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