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NYSE:VZ

Verizon Communications Stock Forecast, Price & News

$56.57
-1.85 (-3.17 %)
(As of 01/26/2021 12:00 AM ET)
Add
Compare
Today's Range
$56.41
Now: $56.57
$57.28
50-Day Range
$57.04
MA: $58.74
$61.46
52-Week Range
$48.84
Now: $56.57
$61.95
Volume35.35 million shs
Average Volume20.17 million shs
Market Capitalization$234.09 billion
P/E Ratio12.27
Dividend Yield4.30%
Beta0.44
Verizon Communications Inc. offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; Internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled Internet devices, such as tablets, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables. It also provides residential fixed connectivity solutions, including Internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2019, it had approximately 95 million wireless retail connections, 6 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and Internet access services; and Internet protocol-based voice services, unified communications and collaboration tools, and customer contact center solutions. It also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and IoT products and services. This segment had 25 million wireless retail postpaid connections and 489 thousand broadband connections. The company has strategic partnerships with HERE Technologies and Dignitas; Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases; and BuzzFeed. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. The company was founded in 1983 and is headquartered in New York, New York.
Verizon Communications logo

MarketRank

Overall MarketRank

2.43 out of 5 stars

Computer And Technology Sector

9th out of 1,510 stocks

Telephone Communication, Except Radio Industry

2nd out of 89 stocks

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
CUSIP92343V10
Phone212-395-1000
Employees133,200
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$131.87 billion
Cash Flow$8.74 per share
Book Value$15.19 per share

Profitability

Net Income$19.27 billion

Miscellaneous

Outstanding Shares4,138,094,000
Market Cap$234.09 billion
Next Earnings Date1/26/2021 (Confirmed)
OptionableOptionable
$56.57
-1.85 (-3.17 %)
(As of 01/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Verizon Communications (NYSE:VZ) Frequently Asked Questions

How has Verizon Communications' stock price been impacted by Coronavirus?

Verizon Communications' stock was trading at $54.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VZ stock has increased by 3.2% and is now trading at $56.57.
View which stocks have been most impacted by COVID-19
.

Is Verizon Communications a buy right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 11 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Verizon Communications stock.
View analyst ratings for Verizon Communications
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Verizon Communications?

Wall Street analysts have given Verizon Communications a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Verizon Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Hans Vestberg's approval rating as Verizon Communications' CEO?

1,639 employees have rated Verizon Communications CEO Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among Verizon Communications' employees.

When is Verizon Communications' next earnings date?

Verizon Communications is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Verizon Communications
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, January, 26th. The cell phone carrier reported $1.21 EPS for the quarter, beating the consensus estimate of $1.17 by $0.04. The cell phone carrier earned $34.70 billion during the quarter, compared to analyst estimates of $34.47 billion. Verizon Communications had a trailing twelve-month return on equity of 32.15% and a net margin of 14.76%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS.
View Verizon Communications' earnings history
.

How often does Verizon Communications pay dividends? What is the dividend yield for Verizon Communications?

Verizon Communications announced a quarterly dividend on Thursday, December 3rd. Investors of record on Friday, January 8th will be given a dividend of $0.6275 per share on Monday, February 1st. This represents a $2.51 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, January 7th.
View Verizon Communications' dividend history
.

Is Verizon Communications a good dividend stock?

Verizon Communications pays an annual dividend of $2.51 per share and currently has a dividend yield of 4.30%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Verizon Communications has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Verizon Communications is 52.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 50.81% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.
View Verizon Communications' dividend history.

How will Verizon Communications' stock buyback program work?

Verizon Communications announced that its Board of Directors has approved a share repurchase plan on Thursday, February 6th 2020, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

What guidance has Verizon Communications issued on next quarter's earnings?

Verizon Communications issued an update on its FY21 earnings guidance on Tuesday, January, 26th. The company provided earnings per share (EPS) guidance of $5.00-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.97.

What price target have analysts set for VZ?

20 Wall Street analysts have issued 1 year price targets for Verizon Communications' stock. Their forecasts range from $54.00 to $70.00. On average, they expect Verizon Communications' stock price to reach $61.84 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
View analysts' price targets for Verizon Communications
or view Wall Street analyst' top-rated stocks.

Who are some of Verizon Communications' key competitors?

What other stocks do shareholders of Verizon Communications own?

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

Who are Verizon Communications' key executives?

Verizon Communications' management team includes the following people:
  • Mr. Hans E. Vestberg, Chairman & CEO (Age 56, Pay $6.1M)
  • Mr. Matthew D. Ellis, Exec. VP & CFO (Age 50, Pay $2.75M)
  • Ms. Tamara A. Erwin, Exec. VP & CEO of Verizon Bus. (Age 56, Pay $2.48M)
  • Mr. Ronan J. Dunne, Exec. VP & Group CEO of Verizon Consumer Group (Age 58, Pay $2.95M)
  • Mr. K. Guru Gowrappan, Exec. VP & Group CEO of Verizon Media Group (Age 40, Pay $2.79M)
  • Mr. Kyle Malady, Exec. VP & CTO (Age 53)
  • Ms. Rathi Murthy, Chief Technology Officer (Age 55)
  • Mr. Craig L. Silliman, Exec. VP & Chief Admin., Legal and Public Policy Officer (Age 53)
  • Mr. Brady Connor, Sr. VP of Investor Relations
  • Mr. James J. Gerace, Sr. VP & Chief Communications Officer (Age 57)

What is Verizon Communications' stock symbol?

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

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include New York State Teachers Retirement System (0.14%), Strs Ohio (0.06%), Retirement Systems of Alabama (0.06%), Janney Montgomery Scott LLC (0.05%), Hamlin Capital Management LLC (0.03%) and Nisa Investment Advisors LLC (0.03%). 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
.

Which institutional investors are selling Verizon Communications stock?

VZ stock was sold by a variety of institutional investors in the last quarter, including Scharf Investments LLC, DNB Asset Management AS, Gateway Investment Advisers LLC, New York State Teachers Retirement System, Hexavest Inc., Avantax Advisory Services Inc., Hamlin Capital Management LLC, and Boston Trust Walden 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 activity for Verizon Communications
or view top insider-selling stocks.

Which institutional investors are buying Verizon Communications stock?

VZ stock was acquired by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Kestra Advisory Services LLC, Capital Wealth Planning LLC, TruWealth Advisors LLC, Candriam Luxembourg S.C.A., Brown Miller Wealth Management LLC, Janney Montgomery Scott LLC, and Mascoma Wealth Management LLC.
View insider buying and selling activity for Verizon Communications
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $56.57.

How big of a company is Verizon Communications?

Verizon Communications has a market capitalization of $234.09 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 133,200 workers across the globe.

What is Verizon Communications' official website?

The official website for Verizon Communications is www.verizon.com.

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]

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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