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

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$49.54 -0.22 (-0.44 %)
(As of 06/25/2018 10:02 AM ET)
Previous Close$49.76
Today's Range$49.54 - $50.04
52-Week Range$42.80 - $54.77
Volume1.88 million shs
Average Volume15.64 million shs
Market Capitalization$205.41 billion
P/E Ratio13.25
Dividend Yield4.74%
Beta0.63
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

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
SectorComputer and Technology
SymbolNYSE:VZ
CUSIP92343V10
Webwww.verizon.com
Phone212-395-1000

Debt

Debt-to-Equity Ratio2.15
Current Ratio0.98
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio13.25
Forward P/E Ratio10.84
P/E Growth1.73

Sales & Book Value

Annual Sales$126.03 billion
Price / Sales1.62
Cash Flow$7.8760 per share
Price / Cash6.29
Book Value$10.95 per share
Price / Book4.52

Profitability

EPS (Most Recent Fiscal Year)$3.74
Net Income$30.10 billion
Net Margins24.37%
Return on Equity42.62%
Return on Assets6.30%

Miscellaneous

Employees155,400
Outstanding Shares4,127,960,000

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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 declared a quarterly dividend on Thursday, June 7th. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.59 per share on Wednesday, August 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Monday, July 9th. View Verizon Communications' Dividend History.

How will Verizon Communications' stock buyback program work?

Verizon Communications declared that its Board of Directors has approved a share repurchase program on Saturday, April 8th 2017, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) issued its earnings results on Tuesday, April, 24th. The cell phone carrier reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.11 by $0.06. The cell phone carrier had revenue of $31.77 billion for the quarter, compared to analysts' expectations of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.95 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 Tuesday, July, 24th 2018. View Earnings Estimates for Verizon Communications.

What price target have analysts set for VZ?

22 Wall Street analysts have issued twelve-month target prices for Verizon Communications' stock. Their forecasts range from $49.00 to $63.00. On average, they anticipate Verizon Communications' share price to reach $54.6667 in the next year. 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’s unlimited data plans have heated up the wireless industry and helped it witness the addition of 1.174 million postpaid customers in fourth-quarter 2017. The telco’s plan to launch 5G wireless broadband services in U.S. markets in 2018 looks good. Further, the company is planning to launch a theme-based online streaming TV service in 2018, backed by the digital streaming deal with the National Football League.  Meanwhile, the company continues to target the SMB segment with Fios TV services and boost its fiber network assets with new buyouts. The company expects growth in 2018 on the back of the expected savings from tax reform. In fact, in the past three months, the stock price outperformed its industry. However, Verizon continues to struggle in a highly competitive and saturated wireless market. Losses in wireline access lines, marketing costs of promotional plans, competitive video market are other major risks." (3/12/2018)
  • 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 decrease in short interest in May. As of May 15th, there was short interest totalling 28,687,589 shares, a decrease of 16.5% from the April 30th total of 34,362,228 shares. Based on an average daily volume of 15,973,744 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.7% 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. Lowell C. McAdam, Chairman & CEO (Age 63)
  • Mr. Hans E. Vestberg, Exec. VP, Pres of Global Networks, CTO & Director (Age 53)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 47)
  • Mr. John G. Stratton, Exec. VP (Age 56)
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 59)

Has Verizon Communications been receiving favorable news coverage?

News articles about VZ stock have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.15 on Accern's scale. They also assigned media headlines about the cell phone carrier an impact score of 46.21 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.55%), Northern Trust Corp (1.19%), Barrow Hanley Mewhinney & Strauss LLC (0.56%), Schwab Charles Investment Management Inc. (0.55%), Legal & General Group Plc (0.54%) and Franklin Resources Inc. (0.52%). 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 major investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Boston Partners, Barrow Hanley Mewhinney & Strauss LLC, FIL Ltd, Westfield Capital Management Co. LP, Swiss National Bank, Legal & General Group Plc and Federated Investors Inc. PA. 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 major investors are buying Verizon Communications stock?

VZ stock was purchased by a variety of institutional investors in the last quarter, including CI Global Investments Inc., BlackRock Inc., American Century Companies Inc., Toronto Dominion Bank, DekaBank Deutsche Girozentrale, OLD Republic International Corp, Ceredex Value Advisors LLC and Schwab Charles Investment Management Inc.. 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 $49.76.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $205.41 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.

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 (VZ)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  780 (Vote Outperform)
Underperform Votes:  934 (Vote Underperform)
Total Votes:  1,714
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 6/25/2018 by MarketBeat.com Staff
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