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NYSE:VZ

Verizon Communications Stock Forecast, Price & News

$61.55
-0.19 (-0.31 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$61.27
Now: $61.55
$61.80
50-Day Range
$56.31
MA: $59.12
$61.74
52-Week Range
$48.84
Now: $61.55
$62.22
Volume10.33 million shs
Average Volume16.68 million shs
Market Capitalization$254.70 billion
P/E Ratio13.35
Dividend Yield4.07%
Beta0.44
Verizon Communications Inc. offers communications, 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, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables. It also provides residential fixed connectivity solutions, including Internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2019, it had approximately 95 million wireless retail connections, 6 million 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 services, unified communications and collaboration tools, and customer contact center solutions. It also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and IoT products and services. This segment had 25 million wireless retail postpaid connections and 489 thousand broadband connections. The company has strategic partnerships with HERE Technologies and Dignitas; Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases; and BuzzFeed. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. The company was founded in 1983 and is headquartered in New York, New York.
Verizon Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
CUSIP92343V10
Phone212-395-1000
Employees133,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$9.51 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Miscellaneous

Outstanding Shares4,138,094,000
Market Cap$254.70 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$61.55
-0.19 (-0.31 %)
(As of 12/4/2020 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 price been impacted by Coronavirus (COVID-19)?

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VZ stock has increased by 12.3% and is now trading at $61.55.
View which stocks have been most impacted by COVID-19
.

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

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 12 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Verizon Communications
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Verizon Communications?

Wall Street analysts have given Verizon Communications a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Verizon Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings results on Wednesday, October, 21st. The cell phone carrier reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.03. The cell phone carrier earned $31.50 billion during the quarter, compared to analysts' expectations of $31.60 billion. Verizon Communications had a net margin of 14.76% and a return on equity of 32.15%. Verizon Communications's revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 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, December 3rd. Investors of record on Friday, January 8th will be paid a dividend of $0.6275 per share on Monday, February 1st. This represents a $2.51 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, January 7th.
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 program on Thursday, February 6th 2020, which authorizes the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

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

Verizon Communications updated its FY 2020 Pre-Market earnings guidance on Wednesday, October, 21st. The company provided EPS guidance of 4.81-4.91 for the period, compared to the Thomson Reuters consensus estimate of $4.77.

What price target have analysts set for VZ?

22 brokers have issued 1 year target prices for Verizon Communications' stock. Their forecasts range from $54.00 to $70.00. On average, they expect Verizon Communications' share price to reach $62.00 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
View analysts' price targets for Verizon Communications
.

Are investors shorting Verizon Communications?

Verizon Communications saw a increase in short interest in October. As of October 30th, there was short interest totaling 33,460,000 shares, an increase of 16.1% from the October 15th total of 28,820,000 shares. Based on an average daily trading volume, of 14,610,000 shares, the days-to-cover ratio is presently 2.3 days.
View Verizon Communications' Short Interest
.

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), The Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and The Home Depot (HD).

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the following people:
  • Mr. Hans E. Vestberg, Chairman & CEO (Age 55, Pay $6.1M)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 49, Pay $2.75M)
  • Ms. Tami A. Erwin, Exec. VP & Group CEO of Verizon Bus. Group (Age 55, Pay $2.48M)
  • Mr. Ronan J. Dunne, Exec. VP & Group CEO of Verizon Consumer Group (Age 57, Pay $2.95M)
  • Mr. K. Guru Gowrappan, Exec. VP & Group CEO of Verizon Media Group (Age 39, Pay $2.79M)
  • Mr. Kyle Malady, Exec. VP & CTO (Age 52)
  • Ms. Rathi Murthy, Chief Technology Officer (Age 54)
  • Mr. Craig L. Silliman, Exec. VP & Chief Admin., Legal and Public Policy Officer (Age 52)
  • Mr. Brady Connor, Sr. VP of Investor Relations
  • Mr. James J. Gerace, Sr. VP & Chief Communications Officer (Age 56)

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.27%), State Street Corp (3.99%), Morgan Stanley (0.88%), Charles Schwab Investment Management Inc. (0.87%), California Public Employees Retirement System (0.60%) and Nuveen Asset Management LLC (0.53%). 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 BlackRock Inc., State Street Corp, The Manufacturers Life Insurance Company, Arrowstreet Capital Limited Partnership, Sound Shore Management Inc CT, Nuveen Asset Management LLC, Morgan Stanley, and AJO 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 Voloridge Investment Management LLC, State of Tennessee Treasury Department, Robeco Institutional Asset Management B.V., UBS Asset Management Americas Inc., DekaBank Deutsche Girozentrale, Kestra Advisory Services LLC, Victory Capital Management Inc., and Royal London Asset Management Ltd..
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 $61.55.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $254.70 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 133,200 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 12/5/2020 by MarketBeat.com Staff

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