Verizon Communications - VZ Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 1 sell rating, 13 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VZ, but not buy additional shares or sell existing shares.
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19 analysts have issued 12 month price objectives for Verizon Communications' stock. Their VZ share price forecasts range from $37.00 to $64.00. On average, they expect the company's share price to reach $47.63 in the next year. This suggests a possible upside of 14.7% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the beginning of 2023. Since then, VZ stock has increased by 5.4% and is now trading at $41.52.
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Verizon Communications saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 43,750,000 shares, an increase of 24.1% from the December 31st total of 35,240,000 shares. Based on an average trading volume of 24,540,000 shares, the short-interest ratio is presently 1.8 days.
View Verizon Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our VZ earnings forecast.

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, January, 24th. The cell phone carrier reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.01. The cell phone carrier earned $35.30 billion during the quarter, compared to analysts' expectations of $35.14 billion. Verizon Communications had a net margin of 15.53% and a trailing twelve-month return on equity of 24.60%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS.
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Verizon Communications declared a quarterly dividend on Thursday, December 1st. Investors of record on Tuesday, January 10th will be given a dividend of $0.6525 per share on Wednesday, February 1st. This represents a $2.61 annualized dividend and a yield of 6.29%. The ex-dividend date is Monday, January 9th.
Read our dividend analysis for VZ.

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 6.28%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 53.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

Verizon Communications issued an update on its FY 2023 earnings guidance on Tuesday, January, 24th. The company provided earnings per share (EPS) guidance of $4.55-$4.85 for the period, compared to the consensus earnings per share estimate of $4.99. The company issued revenue guidance of -.

1,639 employees have rated Verizon Communications Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's employees.

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

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

Verizon Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.31%), State of Michigan Retirement System (0.19%), New York State Common Retirement Fund (0.18%), Bank of Montreal Can (0.17%), New York State Teachers Retirement System (0.12%) and DekaBank Deutsche Girozentrale (0.10%). Insiders that own company stock include Anthony T Skiadas, Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Kumara Guru Gowrappan and Tami A Erwin.
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Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VZ stock can currently be purchased for approximately $41.52.

Verizon Communications (NYSE:VZ) has a market capitalization of $174.38 billion and generates $136.84 billion in revenue each year. The cell phone carrier earns $21.26 billion in net income (profit) each year or $5.06 on an earnings per share basis.

The company employs 118,400 workers across the globe.

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.verizon.com. The cell phone carrier can be reached via phone at (212) 395-1000, via email at michael.stefanski@verizon.com, or via fax at 212-571-1897.