NYSE:VZ - Verizon Communications Stock Price, Forecast & News

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

Verizon Communications announced a quarterly dividend on Friday, December 6th. Shareholders of record on Friday, January 10th will be given a dividend of $0.615 per share on Monday, February 3rd. This represents a $2.46 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, January 9th. View Verizon Communications' Dividend History.

Verizon Communications declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 6th 2020, which authorizes the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings data on Thursday, January, 30th. The cell phone carrier reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.15 by $0.02. The cell phone carrier had revenue of $34.78 billion for the quarter, compared to the consensus estimate of $34.62 billion. Verizon Communications had a net margin of 14.61% and a return on equity of 33.39%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Verizon Communications.

Verizon Communications issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, January, 30th. The company provided EPS guidance of 4.91-5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.94.

16 analysts have issued 1-year price objectives for Verizon Communications' stock. Their forecasts range from $57.00 to $70.00. On average, they expect Verizon Communications' share price to reach $63.69 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price. View Analyst Price Targets for Verizon Communications.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Verizon Communications.

Headlines about VZ stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Verizon Communications earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the cell phone carrier a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Verizon Communications.

Verizon Communications saw a increase in short interest in February. As of February 14th, there was short interest totalling 37,090,000 shares, an increase of 7.9% from the January 30th total of 34,370,000 shares. Based on an average trading volume of 11,990,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.9% of the company's shares are short sold. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), Centurylink (CTL), ATN International (ATNI), Cincinnati Bell (CBB), Consolidated Communications (CNSL), IDT (IDT) and Frontier Communications (FTR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Verizon Communications investors own include AT&T (T), NVIDIA (NVDA), General Electric (GE), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Bank of America (BAC), AbbVie (ABBV), Altria Group (MO), Wells Fargo & Co (WFC) and Ford Motor (F).

Verizon Communications' stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (3.97%), Geode Capital Management LLC (1.51%), Capital World Investors (1.24%), FMR LLC (1.08%), Bank of New York Mellon Corp (1.02%) and Capital Research Global Investors (0.74%). 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.

VZ stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Assenagon Asset Management S.A., Bank of New York Mellon Corp, AQR Capital Management LLC, CI Investments Inc., Boston Partners, Renaissance Technologies LLC and Acadian Asset Management LLC. Company insiders that have sold Verizon Communications company stock in the last year include Anthony T Skiadas, Craig L Silliman and Tami A Erwin. View Insider Buying and Selling for Verizon Communications.

VZ stock was acquired by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Amundi Pioneer Asset Management Inc., California Public Employees Retirement System, Geode Capital Management LLC, Sanders Capital LLC, Coastal Bridge Advisors LLC, FMR LLC and Macquarie Group Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

One share of VZ stock can currently be purchased for approximately $52.98.

Verizon Communications has a market capitalization of $219.12 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 144,500 workers across the globe.View Additional Information About Verizon Communications.

The official website for Verizon Communications is http://www.verizon.com/.

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]