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NYSE:VZ

Verizon Communications Stock Forecast, Price & News

$60.35
-0.24 (-0.40 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$60.15
Now: $60.35
$60.94
50-Day Range
$57.24
MA: $59.16
$60.61
52-Week Range
$48.84
Now: $60.35
$62.22
Volume21.62 million shs
Average Volume17.31 million shs
Market Capitalization$249.73 billion
P/E Ratio13.09
Dividend Yield4.06%
Beta0.46
Verizon 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; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms. This segment also provides wireless devices, including smartphones and basic phones, wearables, and tablets and other Internet access devices. As of December 31, 2018, it had 118.0 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.46 out of 5 stars


Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
CUSIP92343V10
Phone212-395-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$8.93 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Miscellaneous

Employees135,000
Outstanding Shares4,138,054,000
Market Cap$249.73 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$60.35
-0.24 (-0.40 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Verizon Communications (NYSE:VZ) Frequently Asked Questions

How has Verizon Communications' stock been impacted by Coronavirus?

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VZ stock has increased by 10.1% and is now trading at $60.35.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Verizon Communications?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 15 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Verizon Communications
.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings results on Friday, July, 24th. The cell phone carrier reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.15 by $0.03. The cell phone carrier earned $30.40 billion during the quarter, compared to analyst estimates of $29.98 billion. Verizon Communications had a net margin of 14.76% and a return on equity of 32.15%. The company's revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS.
View Verizon Communications' earnings history
.

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

Verizon Communications declared a quarterly dividend on Thursday, September 3rd. Shareholders of record on Friday, October 9th will be given a dividend of $0.6275 per share on Monday, November 2nd. This represents a $2.51 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Verizon Communications's previous quarterly dividend of $0.62.
View Verizon Communications' dividend history
.

How will Verizon Communications' stock buyback program work?

Verizon Communications declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 6th 2020, 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. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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

Verizon Communications issued an update on its FY 2020 Pre-Market earnings guidance on Friday, July, 24th. The company provided EPS guidance of 4.71-4.91 for the period, compared to the Thomson Reuters consensus estimate of $4.75.

What price target have analysts set for VZ?

24 Wall Street analysts have issued 12 month price targets for Verizon Communications' stock. Their forecasts range from $54.00 to $70.00. On average, they expect Verizon Communications' share price to reach $62.29 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts' price targets for Verizon Communications
.

Has Verizon Communications been receiving favorable news coverage?

Press coverage about VZ stock has been trending somewhat positive on Friday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verizon Communications earned a news sentiment score of 1.4 on InfoTrie's scale. They also gave media coverage about the cell phone carrier a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Verizon Communications
.

Who are some of Verizon Communications' key competitors?

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).

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the following people:
  • Mr. Hans E. Vestberg, Chairman & CEO (Age 54)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 48)
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 60)
  • Mr. Ronan J. Dunne, Exec. VP & Group CEO of Verizon Consumer (Age 56)
  • Mr. K. Guru Gowrappan, Exec. VP & Group CEO of Verizon Media (Age 38)

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.05%), BlackRock Inc. (7.49%), Bank of New York Mellon Corp (1.00%), Charles Schwab Investment Management Inc. (0.88%), FMR LLC (0.69%) and California Public Employees Retirement System (0.60%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Lowell C Mcadam and Tami A Erwin.
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 FMR LLC, Vanguard Group Inc., Nuveen Asset Management LLC, Toronto Dominion Bank, Federated Hermes Inc., BlackRock Inc., DNB Asset Management AS, and Cooke & Bieler LP. 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 activity for Verizon Communications
.

Which major investors are buying Verizon Communications stock?

VZ stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Mn Services Vermogensbeheer B.V., FIL Ltd, Laidlaw Wealth Management LLC, Achmea Investment Management B.V., California Public Employees Retirement System, Handelsbanken Fonder AB, and Two Sigma Advisers LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $60.35.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $249.73 billion and generates $131.87 billion in revenue each year. The cell phone carrier earns $19.27 billion in net income (profit) each year or $4.81 on an earnings per share basis. Verizon Communications employs 135,000 workers across the globe.

What is Verizon Communications' official website?

The official website for Verizon Communications is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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