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Verizon Communications - VZ Stock Forecast, Price & News

$44.54
-0.41 (-0.91%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.35
$45.01
50-Day Range
$44.43
$52.09
52-Week Range
$43.76
$56.20
Volume
20.52 million shs
Average Volume
23.29 million shs
Market Capitalization
$187.06 billion
P/E Ratio
8.93
Dividend Yield
5.70%
Price Target
$56.50

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
26.9% 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 833 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 Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Verizon Communications from a "buy" rating to a "neutral" rating and reduced their price target for the company from $61.00 to $55.00 in a research report on Monday, April 25th. Scotiabank cut Verizon Communications from a "sector outperform" rating to a "sector perform" rating in a report on Friday, July 22nd. Wolfe Research cut their target price on shares of Verizon Communications from $60.00 to $51.00 and set a "peer perform" rating for the company in a research note on Thursday, June 2nd. UBS Group decreased their price objective on Verizon Communications from $57.00 to $47.00 and set a "neutral" rating on the stock in a report on Monday, July 25th. Finally, DZ Bank cut Verizon Communications from a "hold" rating to a "sell" rating and set a $44.00 price objective on the stock. in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Verizon Communications has a consensus rating of "Hold" and an average target price of $56.50.

Verizon Communications Stock Down 0.3 %

Shares of NYSE:VZ traded down $0.15 during mid-day trading on Monday, reaching $44.80. The company had a trading volume of 336,420 shares, compared to its average volume of 23,155,352. The stock has a market capitalization of $188.15 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 2.14 and a beta of 0.33. The stock's 50 day moving average is $49.40 and its 200-day moving average is $50.98. Verizon Communications has a twelve month low of $43.76 and a twelve month high of $56.20. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.69 and a current ratio of 0.76.

Verizon Communications (NYSE:VZ - Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The cell phone carrier reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.01). Verizon Communications had a return on equity of 26.95% and a net margin of 15.48%. The business had revenue of $33.79 billion for the quarter, compared to analyst estimates of $33.77 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Verizon Communications will post 5.2 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were issued a $0.64 dividend. The ex-dividend date was Thursday, July 7th. This represents a $2.56 annualized dividend and a yield of 5.71%. Verizon Communications's dividend payout ratio (DPR) is 51.30%.

Insider Transactions at Verizon Communications

In related news, EVP Craig L. Silliman sold 1,558 shares of the company's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $50.94, for a total value of $79,364.52. Following the sale, the executive vice president now owns 34,961 shares of the company's stock, valued at $1,780,913.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 4,674 shares of company stock valued at $237,377. 0.02% of the stock is owned by corporate insiders.

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VZ Stock News Headlines

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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.
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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.
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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
+26.9%
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
$9.11 per share
Book Value
$19.82 per share

Miscellaneous

Outstanding Shares
4,199,714,000
Free Float
4,198,874,000
Market Cap
$187.06 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 equities research 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 equities research analysts is that investors should "hold" VZ shares. 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 VZ analyst ratings
or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2022?

20 Wall Street analysts have issued 1-year price objectives for Verizon Communications' stock. Their VZ share price forecasts range from $44.00 to $71.00. On average, they anticipate the company's share price to reach $56.50 in the next year. This suggests a possible upside of 26.7% from the stock's current price.
View analysts price targets for VZ
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 at the beginning of 2022. Since then, VZ stock has decreased by 14.2% and is now trading at $44.59.
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 VZ earnings forecast
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings data 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. 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 business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS.
Read the conference call transcript
.

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

Verizon Communications declared 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 dividend yield of 5.74%. The ex-dividend date is Thursday, July 7th.
Read our dividend analysis for VZ
.

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. The company 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 is 51.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 47.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

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

Verizon Communications updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share 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 Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's 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 retail and institutional 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%). Insiders that own company 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
.

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 $44.59.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $187.27 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 the company 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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