Verizon Communications - VZ Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 1 year price objectives for Verizon Communications' stock. Their VZ share price forecasts range from $37.00 to $64.00. On average, they predict the company's share price to reach $47.11 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the start of the year. Since then, VZ stock has decreased by 4.4% and is now trading at $37.66.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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Verizon Communications will be holding an earnings conference call on Tuesday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings data on Tuesday, January, 24th. The cell phone carrier reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by $0.01. The cell phone carrier had revenue of $35.30 billion for the quarter, compared to the consensus estimate of $35.14 billion. Verizon Communications had a net margin of 15.53% and a trailing twelve-month return on equity of 24.60%. Verizon Communications's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share.
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Verizon Communications announced a quarterly dividend on Thursday, March 2nd. Shareholders of record on Monday, April 10th will be paid a dividend of $0.6525 per share on Monday, May 1st. This represents a $2.61 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Thursday, April 6th.
Read our dividend analysis for VZ.

ETFs with the largest weight of Verizon Communications (NYSE:VZ) stock in their portfolio include ProShares Ultra Communication Services (LTL), iShares U.S. Telecommunications ETF (IYZ), Communication Services Select Sector SPDR Fund (XLC), First Trust Morningstar Dividend Leaders Index (FDL), Invesco Dow Jones Industrial Average Dividend ETF (DJD), iShares Core High Dividend ETF (HDV), WBI Power Factor High Dividend ETF (WBIY) and Vanguard Communication Services ETF (VOX).

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 7.00%. 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 54.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

Verizon Communications updated its FY 2023 earnings guidance on Tuesday, January, 24th. The company provided earnings per share guidance of $4.55-$4.85 for the period, compared to the consensus EPS 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 number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.04%), Geode Capital Management LLC (1.90%), Moneta Group Investment Advisors LLC (1.88%), Morgan Stanley (1.62%), Price T Rowe Associates Inc. MD (1.14%) and Norges Bank (1.11%). Insiders that own company stock include Anthony T Skiadas, Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Kumara Guru Gowrappan, Kyle Malady 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 $37.66.

Verizon Communications (NYSE:VZ) has a market capitalization of $158.17 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 117,100 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.