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

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications declared a quarterly dividend on Thursday, June 7th. Stockholders of record on Tuesday, July 10th will be paid a dividend of $0.59 per share on Wednesday, August 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Monday, July 9th. View Verizon Communications' Dividend History.

Verizon Communications announced that its Board of Directors has authorized a stock repurchase plan on Saturday, April 8th 2017, which authorizes the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, April, 24th. The cell phone carrier reported $1.17 EPS for the quarter, beating the consensus estimate of $1.11 by $0.06. The cell phone carrier earned $31.77 billion during the quarter, compared to analyst estimates of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. Verizon Communications's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Verizon Communications.

23 analysts have issued twelve-month target prices for Verizon Communications' shares. Their predictions range from $49.00 to $63.00. On average, they anticipate Verizon Communications' share price to reach $54.8421 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Ratings 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."

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 days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are short sold. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), China Mobile (CHL), SOFTBANK Corp/ADR (SFTBY), Nippon Telegraph & Telephone (NTTYY), America Movil SAB de CV ADR Series L (AMX), Telefonica (TEF), Orange (ORAN), SINGAPORE TELEC/S (SGAPY), BCE (BCE), China Telecom (CHA), VIVENDI SA/ADR (VIVHY), Telenor ASA (TELNY), BT Group (BT), Telekomnks Indn Prsr Tbk Prshn Prsrn (TLK) and Telstra (TLSYY).

News headlines about VZ stock have trended positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Verizon Communications earned a coverage optimism score of 0.29 on Accern's scale. They also gave media headlines about the cell phone carrier an impact score of 46.29 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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

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., Retirement Systems of Alabama, Pendal Group Ltd, Bank of Montreal Can, Hexavest Inc., Miller Howard Investments Inc. NY and Oakbrook Investments LLC. 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.

VZ stock was acquired 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., Boston Advisors LLC, Clinton Group Inc., Cornerstone Investment Partners LLC and State of Alaska Department of Revenue. View Insider Buying and Selling for 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.

One share of VZ stock can currently be purchased for approximately $51.14.

Verizon Communications has a market capitalization of $212.96 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.

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]