Verizon Communications Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 13 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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.

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Verizon Communications is scheduled to release its next quarterly earnings announcement on Wednesday, April 21st 2021.
View our earnings forecast for Verizon Communications.

Verizon Communications Inc. (NYSE:VZ) announced its earnings results on Monday, January, 25th. The cell phone carrier reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.04. The cell phone carrier had revenue of $34.70 billion for the quarter, compared to the consensus estimate of $34.47 billion. Verizon Communications had a net margin of 14.76% and a trailing twelve-month return on equity of 32.15%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS.
View Verizon Communications' earnings history.

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VZ shares have increased by 1.0% and is now trading at $55.38.
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Verizon Communications announced a quarterly dividend on Thursday, December 3rd. Shareholders of record on Friday, January 8th will be paid a dividend of $0.6275 per share on Monday, February 1st. This represents a $2.51 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, January 7th.
View Verizon Communications' dividend history.

Verizon Communications pays an annual dividend of $2.51 per share and currently has a dividend yield of 4.53%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Verizon Communications is 52.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 50.81% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
View Verizon Communications' dividend history.

Verizon Communications announced that its Board of Directors has authorized a share buyback program on Thursday, February 6th 2020, which permits the company to buyback 100,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Verizon Communications updated its FY21 earnings guidance on Tuesday, January, 26th. The company provided earnings per share (EPS) guidance of $5.00-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.97.

19 Wall Street analysts have issued twelve-month target prices for Verizon Communications' stock. Their forecasts range from $54.00 to $70.00. On average, they expect Verizon Communications' stock price to reach $61.89 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
View analysts' price targets for Verizon Communications or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Verizon Communications include AT&T (T), Lumen Technologies (LUMN), Cincinnati Bell (CBB), ATN International (ATNI), IDT (IDT) and Consolidated Communications (CNSL).
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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), The Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and The 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.22%), Northern Trust Corp (1.27%), Bank of New York Mellon Corp (1.03%), Norges Bank (0.98%), Morgan Stanley (0.95%) and Charles Schwab Investment Management Inc. (0.93%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman 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 Sanders Capital LLC, Price T Rowe Associates Inc. MD, Skye Global Management LP, Amundi Pioneer Asset Management Inc., Mawer Investment Management Ltd., AJO LP, BlackRock Inc., and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold Verizon Communications company stock in the last year include Anthony T Skiadas, and Craig L Silliman.
View insider buying and selling activity for Verizon Communications or view top insider-selling stocks.

VZ stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, FMR LLC, Morgan Stanley, Charles Schwab Investment Management Inc., Jupiter Asset Management Ltd., California Public Employees Retirement System, UBS Asset Management Americas Inc., and Ceredex Value Advisors LLC.
View insider buying and selling activity for Verizon Communications or or view top insider-buying stocks.

Shares of VZ 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 $55.38.

Verizon Communications has a market capitalization of $229.17 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 133,200 workers across the globe.

The following companies are subsidiares of Verizon Communications: AOL, Alltel, Bell Atlantic Mobile Systems LLC, Blue Jeans Network, BlueJeans Network, Bluegrass Cellular, Cellco Partnership, CloudSwitch, Complex, EdgeCast Networks, FleetMatics, GTE LLC, GTE Wireless LLC, Hughes Telematics, Inceptor, Jaunt, LQD WiFi, MCI Communications, Moment, Niddel, ProtectWise, Qwest Wireless Spectrum (Network Assets), Sensity Systems, Skyward, Straight Path Communications, Telogis, Terremark Worldwide, TracFone Wireless, UpLynk, Verizon Americas Inc., Verizon Avenue, Verizon Business Global LLC, Verizon Delaware LLC, Verizon Maryland LLC, Verizon New England Inc., Verizon New Jersey Inc., Verizon New York Inc., Verizon Pennsylvania LLC, Verizon Virginia LLC, Vessel, Vidder, Volicon, WideOpenWest - Fiber-Optic Network, XO Communications, Yahoo!, and go90.

Verizon Communications was founded in 1983.

The official website for Verizon Communications is www.verizon.com.

Verizon Communications is headquartered at 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036.

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]