Verizon is a telecom company located in New York, United States, which is part of the Communication Services sector, and is traded under the ticker VZ on the NYSE exchange.
Verizon stock last closed at $40.06, down 0.47% from the previous day, and has increased 10.72% in one year. It has overperformed other stocks in the Telecom Services industry by 0.26 percentage points. Verizon stock is currently +32.94% from its 52-week low of $30.14, and -7.74% from its 52-week high of $43.42.
There are currently 4.21B VZ shares outstanding. The market value of VZ is $168.62B. In the past 24 hours, 14.63M VZ shares were traded.
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After you have identified the best place to buy Verizon stock, it's absolutely critical to evaluate their stock prior to investing, so you truly comprehend the risk and upside.
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on VZ's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge VZ's true value.
Using relative valuations ratios:
You can do additional valuation research on VZ's stock here.
Out of 11 Equities analysts who track VZ, the consensus analyst rating on VZ is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Kannan Venkateshwar, a top 26% analyst from Barclays downgrades VZ to a hold rating and announces their VZ price target of $44.00, on Jan 31, 2024.
Barclays's Kannan Venkateshwar downgraded their rating on Verizon (NYSE: VZ) from Strong Buy to Hold on 2024/01/31. The analyst also announced a $44 price target.
Venkateshwar downgraded Verizon in a note in which they compared the company to AT&T:
As a result, while raising AT&T's price target, the analyst told readers that they downgraded Verizon because "the stock's valuation is more fairly aligned with trend improvements."
Verizon reported:
For Q4 2023:
For FY 2023:
For FY 2024, management guided:
On the earnings call, Chairman & CEO Hans Vestberg commented: "Verizon closed out the year with a strong Q4, finishing off a year of solid operation and financial performance.
"For us, 2023 was a year of continuous improvement and important actions across the business. We made significant changes to how we operate and we stabilized our core business and positioned the company for renewed growth and profitability.
"We built strong momentum quarter after quarter, culminating in a very good holiday season.
"And finally, we met the guidance that we provided to you in each of our key performance indicators.
"Entering 2024, Verizon stands ready to further unlock our performance potential at an accelerating rate."
Michael Rollins, a top 26% analyst from Citigroup maintains VZ with a strong buy rating and raises their VZ price target from $45.00 to $47.00, on Jan 30, 2024.
John Hodulik, a top 38% analyst from UBS maintains VZ with a hold rating and raises their VZ price target from $37.00 to $43.00, on Jan 24, 2024.
Frank Louthan, a bottom 3% analyst from Raymond James maintains VZ with a buy rating and raises their VZ price target from $42.00 to $46.00, on Jan 24, 2024.
Jonathan Kees, a bottom 18% analyst from Daiwa Capital upgrades VZ to a buy rating and announces their VZ price target of $47.00, on Jan 24, 2024.
You can dig deeper into what analysts are forecasting on the Verizon stock forecast page.
Last year, VZ earnings were $11.31B. Over the past 5 year, VZ's earnings have grown by -7.13% per year. This was slower than the Telecom Services industry average of 8.8%.
Last year, VZ revenue was $134.04B. In the past five year, VZ's revenue has increased by 0.43% per year. This was slower than the Telecom Services industry average of 3.23%.
Learn more about VZ's earnings and revenue performance here.
In the past year, executives and large shareholders at VZ have sold more shares than they have bought.
Samantha Hammock, EVP Chief HR Officer of VZ, was the latest VZ insider to sell. They sold $307,168.20 worth of VZ shares on Mar 1, 2024.
Get more info about who owns VZ shares here.
Verizon pays a dividend of 6.61%, compared to the Telecom Services industry's average dividend yield of 4.47%. If you owned $1,000 worth of VZ stock, you would have received $66.09 in the past 12 months.
Verizon dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Verizon dividend yield and history here.
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