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

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$54.42 +0.47 (+0.87 %)
(As of 09/24/2018 03:28 AM ET)
Previous Close$54.42
Today's Range$54.12 - $54.8050
52-Week Range$43.97 - $55.42
Volume48.31 million shs
Average Volume12.03 million shs
Market Capitalization$224.64 billion
P/E Ratio14.55
Dividend Yield4.34%
Beta0.69
Verizon Communications logoVerizon Communications Inc., through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices. As of December 31, 2017, it had 116.3 million retail connections. Its Wireline segment offers traditional circuit-based network products and services; networking solutions, comprising private Internet protocol (IP), Ethernet, and software-defined wide area network, as well as cyber security services; local exchange, regional, long distance, and toll-free calling services; voice messaging and conferencing services; and workforce productivity and customer contact center solutions, as well as residential fixed connectivity solutions, including Internet, TV, and voice services under the Fios brand name. This segment also provides premises equipment, as well as installation, maintenance, and site services; data, voice, local dial tone, and broadband services primarily to local, long distance, and wireless carriers; voice and networking products, Fios services, IP networking, voice solutions, security, and managed information technology services for small and medium businesses, state and local governments, and educational institutions; and security and managed network services. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
SectorComputer and Technology
SymbolNYSE:VZ
CUSIP92343V10
Phone212-395-1000

Debt

Debt-to-Equity Ratio2.04
Current Ratio0.96
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio14.55
Forward P/E Ratio11.68
P/E Growth1.97

Sales & Book Value

Annual Sales$126.03 billion
Price / Sales1.78
Cash Flow$7.9099 per share
Price / Cash6.88
Book Value$10.95 per share
Price / Book4.97

Profitability

EPS (Most Recent Fiscal Year)$3.74
Net Income$30.10 billion
Net Margins23.88%
Return on Equity38.62%
Return on Assets6.65%

Miscellaneous

Employees155,400
Outstanding Shares4,127,960,000
Market Cap$224.64 billion

Verizon Communications (NYSE:VZ) Frequently Asked Questions

What is Verizon Communications' stock symbol?

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

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

Verizon Communications announced a quarterly dividend on Thursday, September 6th. Investors of record on Wednesday, October 10th will be paid a dividend of $0.6025 per share on Thursday, November 1st. This represents a $2.41 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Tuesday, October 9th. This is a positive change from Verizon Communications's previous quarterly dividend of $0.59. View Verizon Communications' Dividend History.

How will Verizon Communications' stock buyback program work?

Verizon Communications declared that its board has authorized a stock buyback program on Saturday, April 8th 2017, which authorizes the company to buyback 100,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) released its earnings results on Tuesday, July, 24th. The cell phone carrier reported $1.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.06. The cell phone carrier had revenue of $32.20 billion for the quarter, compared to analysts' expectations of $31.78 billion. Verizon Communications had a return on equity of 38.62% and a net margin of 23.88%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. View Verizon Communications' Earnings History.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release their next quarterly earnings announcement on Thursday, October, 18th 2018. View Earnings Estimates for Verizon Communications.

What price target have analysts set for VZ?

21 brokerages have issued twelve-month target prices for Verizon Communications' shares. Their predictions range from $49.00 to $63.00. On average, they expect Verizon Communications' stock price to reach $55.2778 in the next year. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Price Targets for Verizon Communications.

What is the consensus analysts' recommendation for Verizon Communications?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Verizon Communications.

What are Wall Street analysts saying about Verizon Communications stock?

Here are some recent quotes from research analysts about Verizon Communications stock:
  • 1. According to Zacks Investment Research, "Verizon reported strong second-quarter 2018 results, beating top- & bottom-line estimates. The company expects healthy improvement in margins on the back of strong FiOS fiber-optic network and strategic services in the Wireline business. Verizon is likely to achieve growth and profitability with a focus on gaining share in the retail post-paid market, increasing penetration of smartphones, and selling more Internet devices such as tablets. Verizon plans to launch next-generation 5G wireless residential broadband services in three to five U.S. markets in 2018. At the same time, Verizon is systematically diversifying itself as a major player in the digital content and online advertising space. The stock has outperformed the industry in the past year on an average. However, the company continues to struggle in a highly competitive and saturated wireless market, where spectrum crunch has become a major issue." (8/8/2018)
  • 2. Macquarie analysts commented, "We model 4Q/’18 postpaid net adds of 711k/1.6m driven by churn of 1.04%/1.03%. We expect continued pressure on postpaid ARPA through 4Q, but at a lesser magnitude of decline. 5G is a priority as management believes the standards will be set by year-end. Verizon used proceeds from its wireline/data center sales to invest in mmWave spectrum/fiber assets, while partnerships with Ericsson, Samsung, Qualcomm, and Intel are also bearing fruit. Data around its 5G trials in 11 markets should come in 4Q, but its goal of launching a fixed wireless offering in ’18 remains. Ahead of the ‘18/’19 auction, we expect Verizon will continue to secure spectrum/fiber assets. #2 Net video losses of 18k stemmed from competitive pressures and a continued shift to traditional linear/OTT." (10/22/2017)

Are investors shorting Verizon Communications?

Verizon Communications saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 42,206,850 shares, an increase of 15.5% from the August 15th total of 36,539,785 shares. Based on an average daily volume of 12,029,216 shares, the short-interest ratio is presently 3.5 days. Approximately 1.0% of the shares of the stock are short sold. View Verizon Communications' Current Options Chain.

Who are some of Verizon Communications' key competitors?

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the folowing people:
  • Mr. Hans E. Vestberg, Chief Exec. Officer & Director (Age 53)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 47)
  • Mr. Kyle J. Malady, Acting CTO & Chief Network Operations Officer
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 59)
  • Mr. Craig L. Silliman, Exec. VP of Public Policy, Gen. Counsel & Strategic Policy Adviser (Age 50)

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.54%), FMR LLC (1.68%), FMR LLC (1.68%), Bank of New York Mellon Corp (1.28%), Northern Trust Corp (1.19%) and Morgan Stanley (0.84%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Marni M Walden and Roger Gurnani. View Institutional Ownership Trends for Verizon Communications.

Which institutional investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Millennium Management LLC, Toronto Dominion Bank, Federated Investors Inc. PA, Russell Investments Group Ltd., NN Investment Partners Holdings N.V., Sawgrass Asset Management LLC and Epoch Investment Partners 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 for Verizon Communications.

Which institutional investors are buying Verizon Communications stock?

VZ stock was purchased by a variety of institutional investors in the last quarter, including Charles Schwab Investment Advisory Inc., Boston Partners, FMR LLC, FMR LLC, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Royal London Asset Management Ltd. and Hamlin Capital Management LLC. View Insider Buying and Selling for Verizon Communications.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $54.42.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $224.64 billion and generates $126.03 billion in revenue each year. The cell phone carrier earns $30.10 billion in net income (profit) each year or $3.74 on an earnings per share basis. Verizon Communications employs 155,400 workers across the globe.

What is Verizon Communications' official website?

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

How can I contact Verizon Communications?

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]


MarketBeat Community Rating for Verizon Communications (NYSE VZ)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  855 (Vote Outperform)
Underperform Votes:  993 (Vote Underperform)
Total Votes:  1,848
MarketBeat's community ratings are surveys of what our community members think about Verizon Communications and other stocks. Vote "Outperform" if you believe VZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/24/2018 by MarketBeat.com Staff

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