How to Buy Verizon Stock
Verizon Communications Inc
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.
How to Buy Verizon Stock
Not sure how to invest in Verizon stock? Here's how.
- Decide where to buy Verizon stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Verizon stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your information.
- Analyze Verizon stock: The Verizon ticker symbol is VZ. Is Verizon stock a good investment? Should you buy shares of VZ? How do VZ's underlying business fundamentals look? Do top analysts think Verizon is a good buy? Why has VZ's stock price moved recently? (Hint: Our stock market research tools can help you figure out if VZ is a good stock to buy).
- Make your VZ purchase: Decide if you will purchase VZ shares at the current market price or use a limit order to purchase VZ stock at a particular price.
- Keep tabs on your investment in VZ: Create a watchlist to get live updates on your investment in Verizon shares.
Step 1: Decide where to buy Verizon stock
You will need a brokerage account in order to access the NYSE market and buy VZ stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal information so you can invest in VZ today.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal info to open a new brokerage account.
- Submit your details by hitting the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have created your account on mobile trading apps, you need to deposit funds:
Watch the walkthrough below to see the process of depositing money into your brokerage account.
Step 4: Analyze Verizon stock
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.
Overview of key VZ info
VZ Overview
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.
Is VZ stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge VZ's true value.
Using relative valuations ratios:
- VZ could be undervalued based on its P/E ratio of 7.44x, relative to Telecom Services industry P/E ratio of 98.1x
- VZ may be overvalued based on its P/B ratio of 1.74x, relative to Telecom Services industry P/B ratio of 1.69x
You can access more valuation analysis on VZ's stock here.
A look at VZ Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- VZ's operating cash flow of $37.14B allows it to safely service it's debt of $176.33B.
- Total VZ debt is lower than 5 years ago, relative to shareholder equity.
- VZ earnings of $31.39B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- VZ has a relatively high debt to equity ratio of 3.15.
- VZ profit margin has gone down from 16.5% to 15.5% in the past year.
- There are more short-term liabilities than short-term assets on the VZ balance sheet.
- There are more long-term liabilities than short-term assets on the VZ balance sheet.
Is it a good time to buy Verizon stock, according to analysts?
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.
Most Recent VZ Analyst Upgrades/Downgrades
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.
Metrics for Advanced VZ Traders
Is VZ Making Money?
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.
Are VZ insiders buying or selling the stock?
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.
Can I rely on VZ as an income stream?
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.
Get analysis from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your VZ purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Click the Open button and your broker will place the order.
If you require more help investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in VZ
Now that you own some VZ shares, you'll want to keep up with your new investment.
Add VZ to a watchlist to get notified of the latest news about your VZ stock.
VZ Feed
How to Buy Stock in Verizon
To reiterate, here are the 6 steps to buy stock in Verizon:
- Decide where to buy Verizon stock
- Open your brokerage account
- Deposit money your investment account
- Analyze Verizon stock
- Make your VZ purchase
- Keep tabs on your investment in VZ
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Verizon, add VZ to your watchlist by clicking the button below.
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