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 given a dividend of $0.59 per share on Wednesday, August 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Monday, July 9th. View Verizon Communications' Dividend History.

Verizon Communications declared that its board has initiated a stock buyback program on Saturday, April 8th 2017, which authorizes the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board 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 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.11 by $0.06. The cell phone carrier earned $31.77 billion during the quarter, compared to the consensus estimate of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business 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 Wall Street analysts have issued 1 year target prices for Verizon Communications' stock. Their predictions range from $49.00 to $63.00. On average, they anticipate Verizon Communications' stock price to reach $54.8421 in the next twelve months. This suggests a possible upside of 6.7% 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 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 daily volume of 19,490,393 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the shares of the stock are short sold. View Verizon Communications' Current Options Chain.

Some companies that are related to Verizon Communications include AT&T (T), 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), Telstra (TLSYY) and Swisscom (SCMWY).

News stories about VZ stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verizon Communications earned a news sentiment score of 0.15 on Accern's scale. They also assigned media headlines about the cell phone carrier an impact score of 47.19 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Verizon Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Hexavest Inc. (0.13%), DnB Asset Management AS (0.09%), Swedbank (0.07%), Gateway Investment Advisers LLC (0.05%), Hamlin Capital Management LLC (0.04%) and Gulf International Bank UK Ltd (0.03%). 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 NN Investment Partners Holdings N.V., Hexavest Inc., Gateway Investment Advisers LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Bremer Trust National Association, Atria Investments LLC, Radnor Capital Management LLC and Union Bankshares Corp. 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 purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, DnB Asset Management AS, Dalton Greiner Hartman Maher & Co., Clinton Group Inc., State of Alaska Department of Revenue, Park National Corp OH, IFM Investors Pty Ltd and Denali Advisors LLC. 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 $51.41.

Verizon Communications has a market capitalization of $212.22 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]