Verizon Communications Inc

Verizon Communications Inc Stock Forecast & Price Prediction

Live Verizon Communications Inc Stock (VZ) Price
$41.16

32

Ratings

  • Buy 8
  • Hold 24
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$41.16

P/E Ratio

17.77

Volume Traded Today

$22.0M

Dividend

$0.665

52 Week High/low

45.36/35.40

Verizon Communications Inc Market Cap

$172.85B

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VZ Summary

From what 32 stock analysts predict, the share price for Verizon Communications Inc (VZ) might increase by 12.93% in the next year. This is based on a 12-month average estimation for VZ. Price targets go from $37 to $56. The majority of stock analysts believe VZ is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

VZ Analyst Ratings

About 32 Wall Street analysts have assignedVZ 8 buy ratings, 24 hold ratings, and 0 sell ratings. This means that analysts expect Verizon Communications Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on VZ. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

VZ stock forecast by analyst

These are the latest 20 analyst ratings of VZ.

Analyst/Firm

Rating

Price Target

Change

Date

Brandon Nispel
Keybanc

Sector Weight


Downgrade

Oct 24, 2024
John Hodulik
UBS

Neutral

$44

Maintains

Oct 23, 2024
Maher Yaghi
Scotiabank

Sector Perform

$47

Maintains

Oct 23, 2024
Maher Yaghi
Scotiabank

Sector Perform

$47.25

Maintains

Oct 18, 2024
Ivan Feinseth
Tigress Financial

Buy

$55

Maintains

Oct 1, 2024
David Barden
B of A Securities

Neutral

$45

Maintains

Sep 26, 2024
Michael Rollins
Citigroup

Buy

$49

Maintains

Sep 25, 2024
Frank Louthan
Raymond James

Outperform

$48

Maintains

Sep 24, 2024
Kutgun Maral
RBC Capital

Sector Perform

$46

Maintains

Sep 23, 2024
Jonathan Atkin
RBC Capital

Sector Perform

$42

Reiterates

Sep 9, 2024
Brandon Nispel
Keybanc

Overweight

$44

Maintains

Sep 6, 2024
Philip Cusick
JP Morgan

Neutral

$45

Maintains

Jul 23, 2024
Dan Brennan
TD Cowen

Buy

$51

Maintains

Jul 23, 2024
Jonathan Atkin
RBC Capital

Sector Perform

$42

Reiterates

Jul 23, 2024
Maher Yaghi
Scotiabank

Sector Perform

$46.5

Maintains

Jul 10, 2024
Ivan Feinseth
Tigress Financial

Buy

$52

Maintains

May 17, 2024
Timothy Horan
Oppenheimer

Outperform

$48

Maintains

Apr 23, 2024
Eric Luebchow
Wells Fargo

Equal-Weight

$40

Maintains

Apr 23, 2024
Timothy Horan
Oppenheimer

Outperform

$48

Maintains

Apr 3, 2024
Jonathan Atkin
RBC Capital

Sector Perform

$40

Maintains

Apr 2, 2024

VZ Company Information

What They Do: Provides communications and technology services globally.

Business Model: Verizon operates through two segments: Consumer and Business. The Consumer segment generates revenue through wireless services, fixed wireless access broadband, and related devices, while the Business segment earns money by offering a range of communication services, including broadband, data, and network access to businesses and governmental entities.

Other Information: Headquartered in New York, Verizon was formerly known as Bell Atlantic Corporation and has a strong presence in both wireless and wireline markets across the United States. It leverages its extensive fiber-optic and copper networks to deliver services, enhancing its competitive edge in the telecommunications sector.
VZ
Verizon Communications Inc (VZ)

When did it IPO

1983

Staff Count

103,900

Country

United States

Sector/Industry

Communication Services/Telecom Services

CEO

Mr. Hans E. Vestberg

Market Cap

$172.85B

Verizon Communications Inc (VZ) Financial Data

In 2023, VZ generated $133.97B in revenue, which was a decrease of -2.09% from the previous year. This can be seen as a signal that VZ's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$128.29B

Revenue From 2021

$133.61B

4.15 %
From Previous Year

Revenue From 2022

$136.84B

2.41 %
From Previous Year

Revenue From 2023

$133.97B

-2.09 %
From Previous Year
  • Revenue TTM $134.24B
  • Operating Margin TTM 24.3%
  • Gross profit TTM $79.09B
  • Return on assets TTM 5.0%
  • Return on equity TTM 10.4%
  • Profit Margin 7.3%
  • Book Value Per Share 22.88%
  • Market capitalisation $172.85B
  • Revenue for 2021 $133.61B
  • Revenue for 2022 $136.84B
  • Revenue for 2023 $133.97B
  • EPS this year (TTM) $2.31

Verizon Communications Inc (VZ) Latest News

News Image

Sun, 03 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - Several companies are providing high-yielding dividends that are consistently increasing, indicating potential investment opportunities for income-focused investors.

Why It Matters - High-yielding, steadily rising dividends signal strong financial health and potential for income generation, appealing to income-focused investors and enhancing stock attractiveness.

News Image

Sat, 02 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - The Dow adds stocks based on the company's excellent reputation, which may indicate potential stability and growth for investors.

Why It Matters - A stock's addition to the Dow indicates strong market confidence and can lead to increased demand, potentially boosting its price and affecting investor sentiment.

News Image

Fri, 01 Nov 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - ISS advised Frontier Communications shareholders to abstain from voting on Verizon's $20 billion takeover bid and to support the adjournment proposal.

Why It Matters - The recommendation from ISS signals potential governance concerns and uncertainty around the takeover, which could affect Frontier's stock value and investor sentiment.

News Image

Fri, 01 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - A dividend stock is currently yielding 6.6%, but concerns about its risk level have been raised, warranting investor caution.

Why It Matters - A 6.6% yield indicates potential income, but raised risk concerns could signal volatility or financial instability, impacting future dividend sustainability and stock performance.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Verizon is partnering with the East Side Mosquito Abatement District in Northern California to enhance connectivity solutions for mosquito control and disease prevention efforts.

Why It Matters - Verizon's contract with the East Side Mosquito Abatement District could enhance its reputation and revenue streams, indicating growth potential in public sector partnerships.

News Image

Fri, 01 Nov 2024

Sentiment - POSITIVE

Source - 24/7 Wall Street

Summary - Baby Boomer investors dissatisfied with declining savings and CD rates may consider dividend stocks as an attractive alternative for income generation.

Why It Matters - Falling savings rates push Baby Boomer investors toward dividend stocks, potentially increasing demand and driving up prices for these equities.

...

VZ Frequently asked questions

The highest forecasted price for VZ is $56 from at Jefferies.

The lowest forecasted price for VZ is $37 from Kannan Venkateshwar from Barclays

The VZ analyst ratings consensus are 8 buy ratings, 24 hold ratings, and 0 sell ratings.