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

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$50.62 -0.13 (-0.26 %)
(As of 07/22/2018 05:03 AM ET)
Previous Close$50.62
Today's Range$50.35 - $50.99
52-Week Range$43.68 - $54.77
Volume12.03 million shs
Average Volume13.42 million shs
Market Capitalization$209.49 billion
P/E Ratio13.53
Dividend Yield4.65%
Beta0.65
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
Webwww.verizon.com
Phone212-395-1000

Debt

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

Price-To-Earnings

Trailing P/E Ratio13.53
Forward P/E Ratio11.03
P/E Growth1.78

Sales & Book Value

Annual Sales$126.03 billion
Price / Sales1.66
Cash Flow$7.8847 per share
Price / Cash6.42
Book Value$10.95 per share
Price / Book4.62

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
Market Cap$209,494.17

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, June 7th. Investors 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 yield of 4.66%. The ex-dividend date of this dividend is Monday, July 9th. View Verizon Communications' Dividend History.

How will Verizon Communications' stock buyback program work?

Verizon Communications announced that its board has initiated a share buyback plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) released its quarterly earnings results 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 had revenue of $31.77 billion for the quarter, compared to the consensus estimate of $31.25 billion. Verizon Communications had a return on equity of 42.62% and a net margin of 24.37%. Verizon Communications's revenue was up 6.6% on a year-over-year basis. During the same period last year, the business 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?

23 analysts have issued 1 year price targets for Verizon Communications' stock. Their predictions range from $49.00 to $63.00. On average, they expect Verizon Communications' share price to reach $54.8421 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings for Verizon Communications.

What is the consensus analysts' recommendation 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."

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 continues to struggle in a highly competitive and saturated wireless market, where spectrum crunch has become a major issue. Losses in wireline access lines, higher marketing costs of promotional plans and competitive video market remain major impediments. Verizon’s wireline division is struggling with persistent losses in access lines owing to competitive pressure from VoIP service providers and aggressive triple-play offerings by cable companies. Adoption of several unlimited data plans have resulted in a reduction of wireless service revenues and average revenue per user. All these are likely to weigh on the company’s revenues and margins. However, the company’s plan to launch 5G wireless broadband services in selected U.S. cities in 2018, in order to boost its market presence, remains well on track. The stock has also outperformed the industry in the past six months on an average." (6/30/2018)
  • 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 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 short-interest ratio is presently 1.9 days. Currently, 0.9% of the shares of the company 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. Matthew D. Ellis, Exec. VP & CFO (Age 47)
  • Mr. Hans E. Vestberg, Exec. VP, Pres of Global Networks, CTO & Director (Age 53)
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 59)
  • Mr. Michael T. Stefanski, Sr. VP of Investor Relations (Age 52)

Has Verizon Communications been receiving favorable news coverage?

Press coverage about VZ stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news 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 daily sentiment score of 0.24 on Accern's scale. They also assigned headlines about the cell phone carrier an impact score of 46.36 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a variety of of institutional and retail 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.

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., 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.

Which institutional investors are buying Verizon Communications stock?

VZ stock was bought 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.

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 $50.62.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $209.49 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 (NYSE VZ)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  801 (Vote Outperform)
Underperform Votes:  955 (Vote Underperform)
Total Votes:  1,756
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 7/22/2018 by MarketBeat.com Staff

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