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

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$54.79 +0.52 (+0.96 %)
(As of 08/19/2018 11:24 AM ET)
Previous Close$54.79
Today's Range$54.10 - $55.21
52-Week Range$43.97 - $55.21
Volume19.10 million shs
Average Volume15.94 million shs
Market Capitalization$216.59 billion
P/E Ratio14.65
Dividend Yield4.43%
Beta0.7
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 Ratio2.04
Current Ratio0.96
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio14.65
Forward P/E Ratio11.78
P/E Growth1.82

Sales & Book Value

Annual Sales$126.03 billion
Price / Sales1.79
Cash Flow$8.2515 per share
Price / Cash6.64
Book Value$10.95 per share
Price / Book5.00

Profitability

EPS (Most Recent Fiscal Year)$3.74
Net Income$30.10 billion
Net Margins23.88%
Return on Equity38.62%
Return on Assets6.65%

Miscellaneous

Employees155,400
Outstanding Shares4,127,960,000
Market Cap$216.59 billion

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 declared a quarterly dividend on Thursday, June 7th. Shareholders 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 4.31%. 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 of Directors has authorized a share buyback program on Saturday, April 8th 2017, which permits the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings results on Tuesday, July, 24th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.14 by $0.06. The cell phone carrier had revenue of $32.20 billion for the quarter, compared to the consensus estimate of $31.78 billion. Verizon Communications had a net margin of 23.88% and a return on equity of 38.62%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. View Verizon Communications' Earnings History.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release their next quarterly earnings announcement on Thursday, October, 18th 2018. View Earnings Estimates for Verizon Communications.

What price target have analysts set for VZ?

22 brokers have issued 12 month price targets for Verizon Communications' stock. Their forecasts range from $49.00 to $63.00. On average, they expect Verizon Communications' share price to reach $55.3889 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for Verizon Communications.

What is the consensus analysts' recommendation for Verizon Communications?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Verizon Communications.

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 reported strong second-quarter 2018 results, beating top- & bottom-line estimates. The company expects healthy improvement in margins on the back of strong FiOS fiber-optic network and strategic services in the Wireline business. Verizon is likely to achieve growth and profitability with a focus on gaining share in the retail post-paid market, increasing penetration of smartphones, and selling more Internet devices such as tablets. Verizon plans to launch next-generation 5G wireless residential broadband services in three to five U.S. markets in 2018. At the same time, Verizon is systematically diversifying itself as a major player in the digital content and online advertising space. The stock has outperformed the industry in the past year on an average. However, the company continues to struggle in a highly competitive and saturated wireless market, where spectrum crunch has become a major issue." (8/8/2018)
  • 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)

Who are some of Verizon Communications' key competitors?

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the folowing people:
  • Mr. Hans E. Vestberg, Chief Exec. Officer & Director (Age 53)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 47)
  • Mr. Marc Christopher Reed, Exec. VP & Chief Admin. Officer (Age 59)
  • Mr. Michael T. Stefanski, Sr. VP of Investor Relations (Age 52)
  • Mr. Craig L. Silliman, Exec. VP of Public Policy, Gen. Counsel & Strategic Policy Adviser (Age 50)

Has Verizon Communications been receiving favorable news coverage?

News coverage about VZ stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verizon Communications earned a media and rumor sentiment score of 0.22 on Accern's scale. They also assigned news headlines about the cell phone carrier an impact score of 48.12 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Verizon Communications.

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.54%), FMR LLC (1.68%), Bank of New York Mellon Corp (1.28%), Morgan Stanley (0.84%), Wells Fargo & Company MN (0.70%) and Schwab Charles Investment Management Inc. (0.58%). 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 major 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., Millennium Management LLC, Toronto Dominion Bank, Federated Investors Inc. PA, Russell Investments Group Ltd., NN Investment Partners Holdings N.V., Sawgrass Asset Management LLC and Epoch Investment Partners Inc.. 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 major investors are buying Verizon Communications stock?

VZ stock was purchased by a variety of institutional investors in the last quarter, including Charles Schwab Investment Advisory Inc., Boston Partners, FMR LLC, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Hamlin Capital Management LLC, Voya Investment Management LLC and American Century Companies 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 $54.79.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $216.59 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:  824 (Vote Outperform)
Underperform Votes:  973 (Vote Underperform)
Total Votes:  1,797
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 8/19/2018 by MarketBeat.com Staff

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