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NYSE:VZ

Verizon Communications (VZ) Stock Price, News & Analysis

Verizon Communications logo
$41.92 -0.33 (-0.78%)
(As of 11/19/2024 ET)

About Verizon Communications Stock (NYSE:VZ)

Key Stats

Today's Range
$41.80
$42.21
50-Day Range
$40.39
$45.21
52-Week Range
$36.20
$45.36
Volume
9.80 million shs
Average Volume
18.55 million shs
Market Capitalization
$176.47 billion
P/E Ratio
18.07
Dividend Yield
6.46%
Price Target
$46.37
Consensus Rating
Hold

Company Overview

Verizon Communications Inc. is the US's largest provider of mobile and telephone services. It has its roots in the original Bell system and is one of only 3 “baby Bells” to exist today. The company was spun off from the original Bell network as Bell Atlantic when it was split into 7 companies in 1984. The original home range was from New Jersey to Virginia but, ironically, shortly after the split the baby bells, including Bell Atlantic, began to merge together in order to expand their territories.

Bell Atlantic acquired NYNEX, another baby Bell, in a move that expanded operations into New York and New England. MCI was also added, expanding the long-distance services, then the company acquired until-then independent operator GTE and became a national carrier. The company changed its name to Verizon following the GTE merger and it is a blend of the Latin word veritas which means Truth and Horizon.

Over the years, Verizon has expanded its territory and its offerings to include mobile, internet and entertainment. Among the more notable were the purchase and merging of AOL and Yahoo! which were later spun off in a sale to Apollo Global Management. Among the more important changes the company has made was to sell off its land-based wirelines. Verizon began selling off its land-based wirelines in 2005 in order to focus more fully on mobile and Internet technology.

Today, Verizon offers communications, information technology, and entertainment products to consumers globally. The company operates in 2 key segments that include Consumer and Business. The Consumer segment provides wireless connectivity, internet access for mobile devices, and wireless and mobile devices including those for the IoT. As of the end of the year 2021, the company laid claim to more than 143 million retail subscribers and was the largest mobile provider by almost 30%.

The Business segment provides connectivity at the enterprise level that includes mobile, networking, Internet access, VOIP and video, security and IoT. As of 2021, this segment had more than 27 million wireless and 477,000 broadband connections. Both the Consumer and Business segments are being upgraded to the 5G protocol. At the end of 2022 more than 175 million users were covered by the service.

Verizon is the US's 24th largest company by revenue and a member of both the S&P 500 and the Dow Jones Industrial Average. The company has paid a dividend every quarter since it went public in 2000 and had increased the payment for 18 consecutive years as of 2022.



Verizon Communications Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

VZ MarketRank™: 

Verizon Communications scored higher than 98% of companies evaluated by MarketBeat, and ranked 77th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Verizon Communications has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 9 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Verizon Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Verizon Communications' stock forecast and price target.
  • Earnings Growth

    Earnings for Verizon Communications are expected to grow by 2.82% in the coming year, from $4.61 to $4.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Verizon Communications is 18.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.96.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Verizon Communications is 18.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 248.43.

  • Price to Earnings Growth Ratio

    Verizon Communications has a PEG Ratio of 3.03. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Verizon Communications has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Verizon Communications' valuation and earnings.
  • Percentage of Shares Shorted

    1.20% of the outstanding shares of Verizon Communications have been sold short.
  • Short Interest Ratio / Days to Cover

    Verizon Communications has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Verizon Communications has recently increased by 3.83%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Verizon Communications is a leading dividend payer. It pays a dividend yield of 6.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Verizon Communications has been increasing its dividend for 20 years.

  • Dividend Coverage

    The dividend payout ratio of Verizon Communications is 116.81%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Verizon Communications will have a dividend payout ratio of 57.17% next year. This indicates that Verizon Communications will be able to sustain or increase its dividend.

  • Read more about Verizon Communications' dividend.
  • Percentage of Shares Shorted

    1.20% of the outstanding shares of Verizon Communications have been sold short.
  • Short Interest Ratio / Days to Cover

    Verizon Communications has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Verizon Communications has recently increased by 3.83%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Verizon Communications has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 65 news articles for Verizon Communications this week, compared to 32 articles on an average week.
  • Search Interest

    197 people have searched for VZ on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • MarketBeat Follows

    71 people have added Verizon Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 37% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Verizon Communications insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.03% of the stock of Verizon Communications is held by insiders.

  • Percentage Held by Institutions

    62.06% of the stock of Verizon Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Verizon Communications' insider trading history.
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VZ Stock News Headlines

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Can United States Cellular Ride Higher on Its Spectrum Strategy? (VZ)
US Cellular isn't one of the best known telecom stock, but its shares are up big due to its spectrum selling strategy. Can the stock continue to grow?
Tesla Execs are Freaking Out
It’s so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity. This is a once-in-a-lifetime opportunity that you don’t want to miss.
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Globalstar: The Next Big Satellite Winner After Deal With Apple? (VZ)
Globalstar is on the rise after its announcement of an expanded relationship with Apple. Is this stock ready to skyrocket more, or is it time for caution?
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These three real estate investment trusts offer both solid dividend income potential and well as significant potential growth in earnings for 2025.
Verizon congratulates FCC Commissioner Carr on being named next Chairman
See More Headlines

VZ Stock Analysis - Frequently Asked Questions

Verizon Communications' stock was trading at $37.70 at the start of the year. Since then, VZ shares have increased by 11.2% and is now trading at $41.92.
View the best growth stocks for 2024 here
.

Verizon Communications Inc. (NYSE:VZ) posted its earnings results on Tuesday, October, 22nd. The cell phone carrier reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.01. The firm's revenue was up .9% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Verizon Communications: Senion, Incubed IT, Bluegrass Cellular, TracFone Wireless, Blue Jeans Network, BlueJeans Network, Jaunt, and others.

Verizon Communications' top institutional shareholders include State Street Corp (4.38%), Charles Schwab Investment Management Inc. (2.41%), Geode Capital Management LLC (2.28%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.82%). Insiders that own company stock include Craig L Silliman, Kyle Malady, Tami A Erwin, Joseph J Russo, Samantha Hammock and Hans Erik Vestberg.
View institutional ownership trends
.

Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Verizon Communications investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Ex-Dividend for 11/1 Dividend
10/10/2024
Last Earnings
10/22/2024
Dividend Payable
11/01/2024
Today
11/19/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/28/2025

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
CUSIP
92343V10
Employees
105,400
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$46.37
High Stock Price Target
$55.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+10.6%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

Net Income
$11.61 billion
Pretax Margin
10.87%

Debt

Sales & Book Value

Annual Sales
$133.97 billion
Cash Flow
$8.98 per share
Book Value
$22.31 per share

Miscellaneous

Outstanding Shares
4,209,630,000
Free Float
4,208,363,000
Market Cap
$176.47 billion
Optionable
Optionable
Beta
0.43

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This page (NYSE:VZ) was last updated on 11/19/2024 by MarketBeat.com Staff
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