NYSE:VZ - Verizon Communications Stock Price, Price Target & More

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

Verizon Communications announced a quarterly dividend on Thursday, June 7th. Investors of record on Tuesday, July 10th will be paid a dividend of $0.59 per share on Wednesday, August 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, July 9th. View Verizon Communications' Dividend History.

Verizon Communications declared that its board has initiated a share buyback program on Saturday, April 8th 2017, which permits the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings data on Tuesday, April, 24th. The cell phone carrier reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.06. The cell phone carrier earned $31.77 billion during the quarter, compared to analyst estimates of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. Verizon Communications's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Verizon Communications.

23 Wall Street analysts have issued 12 month target prices for Verizon Communications' stock. Their predictions range from $49.00 to $63.00. On average, they expect Verizon Communications' stock price to reach $54.8421 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings for Verizon Communications.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Verizon Communications saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 36,172,920 shares, an increase of 10.8% from the June 15th total of 32,652,914 shares. Based on an average trading volume of 19,490,393 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the shares of the stock are short sold. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), SOFTBANK Corp/ADR (SFTBY), Nippon Telegraph & Telephone (NTTYY), America Movil SAB de CV ADR Series L (AMX), Telefonica (TEF), Orange (ORAN), SINGAPORE TELEC/S (SGAPY), BCE (BCE), China Telecom (CHA), VIVENDI SA/ADR (VIVHY), Telenor ASA (TELNY), BT Group (BT), Telekomnks Indn Prsr Tbk Prshn Prsrn (TLK), Telstra (TLSYY) and Swisscom (SCMWY).

Media headlines about VZ stock have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.06 on Accern's scale. They also gave media headlines about the cell phone carrier an impact score of 45.69 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Verizon Communications' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.14%), Hexavest Inc. (0.13%), DnB Asset Management AS (0.09%), Retirement Systems of Alabama (0.07%), Swedbank (0.07%) and Gateway Investment Advisers LLC (0.05%). 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.

VZ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., NN Investment Partners Holdings N.V., Hartford Investment Management Co., Retirement Systems of Alabama, Pendal Group Ltd, Bank of Montreal Can, Hexavest Inc. and Miller Howard Investments Inc. NY. 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.

VZ stock was acquired by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, DnB Asset Management AS, Sabal Trust CO, Dalton Greiner Hartman Maher & Co., Nikko Asset Management Americas Inc., Foundry Partners LLC, Boston Advisors LLC and Clinton Group Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of VZ stock can currently be purchased for approximately $50.62.

Verizon Communications has a market capitalization of $208.96 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.

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]