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 $37.66, up 0.78% from the previous day, and has decreased 26.16% in one year. It has overperformed other stocks in the Telecom Services industry by 0.12 percentage points. Verizon stock is currently +14.96% from its 52-week low of $32.76, and -32.16% from its 52-week high of $55.51.
There are currently 4.2B VZ shares outstanding. The market value of VZ is $158.17B. In the past 24 hours, 14.96M 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 access more valuation analysis on VZ's stock here.
Out of 18 sell side analysts who give recommendations on VZ, the consensus analyst rating on VZ is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
David Barden, a top 41% analyst from Bank of America maintains VZ with a hold rating and lowers their VZ price target from $51.00 to $41.00, on Mar 23, 2023.
Maintaining his Hold rating, Barden lowered his price target on Verizon Communications Inc. by 19.6% ahead of the release of the company's Q1 2023 earnings report on 2023/04/25.
The analyst said he updated his model to reflect how he thinks the quarter has panned out.
Also, he decreased his target multiple on 2023 EPS estimates to take into account short-term challenges, Barden added.
Although Verizon's new leadership team will probably need time to develop and implement a new strategic plan and growth agenda, the company's core business is still "strong," its dividend is "sustainable," and its long-term deleveraging target is "credible," the analyst noted.
The Zacks Consensus EPS Estimate for the company's upcoming quarter is $1.20 which, if achieved, would represent an 11.1% decline against Q1 2022’s $1.35.
Michael Rollins, a top 20% analyst from Citigroup maintains VZ with a hold rating and raises their VZ price target from $39.00 to $42.00, on Jan 26, 2023.
Kutgun Maral, a bottom 18% analyst from RBC Capital maintains VZ with a hold rating and lowers their VZ price target from $42.00 to $40.00, on Jan 25, 2023.
Timothy Horan, a top 23% analyst from Oppenheimer maintains VZ with a buy rating and lowers their VZ price target from $50.00 to $46.00, on Jan 25, 2023.
Gregory Williams, a bottom 10% analyst from Cowen & Co. maintains VZ with a buy rating and lowers their VZ price target from $55.00 to $49.00, on Jan 25, 2023.
You can dive deeper into what analysts are forecasting on the Verizon stock forecast page.
Last year, VZ earnings were $21.26B. In the last 5 year, VZ's earnings have gone up by -7.25% per year. This was slower than the Telecom Services industry average of -1.35%.
Last year, VZ revenue was $136.84B. In the past 5 year, VZ's revenue has gone up by 1.66% per year. This was faster than the Telecom Services industry average of -3.44%.
You can analyze VZ's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at VZ have sold more shares than they have bought.
Kyle Malady, EVP and Group CEO-VZ Business of VZ, was the latest VZ insider to sell. They sold $228,431.94 worth of VZ shares on Mar 15, 2023.
Dig into more about who owns VZ shares here.
Verizon pays a dividend of 6.86%, compared to the Telecom Services industry's average dividend yield of 4.98%. If you owned $1,000 of VZ stock, you would have been paid $68.64 in the past year.
Verizon dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Verizon dividend yield and history here.
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To reiterate, here are the 6 steps to buy stock in Verizon:
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