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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 $41.30, up 0.54% from the previous day, and has increased 18.03% in one year. It has overperformed other stocks in the Telecom Services industry by 0.34 percentage points. Verizon stock is currently +37.05% from its 52-week low of $30.14, and -4.88% from its 52-week high of $43.42.

There are currently 4.21B VZ shares outstanding. The market value of VZ is $173.84B. In the past 24 hours, 12.44M VZ shares were traded.

How to Buy Verizon Stock

Not sure how to invest in Verizon stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 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

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  2. Enter your personal info to open a new brokerage account.
  1. Submit your details by hitting the "Create Account" button.
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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.

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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 Price
$41.30
1w %
0.07%
1y %
18.03%
5y %
-27.44%
P/E
15.41x
P/B
1.84x
P/S
1.3x
PEG
0.69x
Revenue
$134.04B
Earnings
$11.31B
Fore. Rev. Growth
1.09%
Fore. Earn. Growth
22.23%
Market Cap
$173.84B
Next Earnings
Jul 22, 2024
Next Dividend
Aug 1, 2024

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 15.41x, relative to Telecom Services industry P/E ratio of 18.01x
  • VZ may be overvalued based on its P/B ratio of 1.84x, relative to Telecom Services industry P/B ratio of 1.63x
  • VZ could be undervalued based on its PEG ratio of 0.69x

You can do additional valuation research on VZ's stock here.

VZ Financial Health

Passed Financial Due Diligence Checks:

  • Total VZ debt is lower than 5 years ago, relative to shareholder equity.
  • VZ's operating cash flow of $36.27B allows it to safely service it's debt of $175.63B.

Failed Financial Due Diligence Checks:

  • VZ has a relatively high debt to equity ratio of 3.02.
  • VZ profit margin has gone down from 15.8% to 8.4% in the past year.
  • There are more short-term liabilities than short-term assets on the VZ balance sheet.
  • VZ earnings of $22.02B is not enough to cover its interest payments.
  • There are more long-term liabilities than short-term assets on the VZ balance sheet.

Do Wall Street analysts think it's a good time to buy Verizon stock

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.

Most Recent VZ Analyst Recommendations

Steve Malcolm, an analyst from Redburn Atlantic upgrades VZ to a hold rating and announces their VZ price target of $39.00, on Mar 22, 2024.

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:

  • "Verizon is on a much better operational trajectory than it has been over the last couple of years, but upside to numbers and valuation may be limited against present levels.
  • "AT&T, on the other hand, may have slightly better narrative support this year on a relative basis."

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."

Earnings Report

Verizon reported:

For Q4 2023:

  • EPS of $1.08, which beat the Zacks Consensus Estimate of $1.07 but missed, by %, Q4 2022's $1.19.
  • Revenue of $35.13B, which beat the Zacks Consensus Estimate by 0.9% but missed Q4 2022's $35.25M by 0.03%.
  • Adjusted EBITDA of $11.7B, down 0.6% Y/Y.

For FY 2023:

  • EPS of $2.75, down 45.7% from FY 2022's $5.06.
  • Revenue of $134B, down 2.1% Y/Y.

For FY 2024, management guided:

  • 2% to 3.5% revenue growth.
  • 1% to 3% adjusted EBITDA growth.
  • Capex of $17.0B to $17.5B.

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 21% 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 31% 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 4% 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.

You can dig deeper into what analysts are forecasting on the Verizon stock forecast page.

VZ Technicals

SMA10
41.25
SMA20
40.75
SMA50
40.35
SMA100
40.39
SMA200
38.61
MACD
0.28
MACD Signal
0.26
MACD Histogram
0.02
RSI
56.21
Stochastic %K
65.34
Stochastic %D
71.31
StochRSI %K
38.04
StochRSI %D
52.52

Is VZ Making Money?

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 8.96%.

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 3.3%.

Learn more about VZ's earnings and revenue performance here.

Latest Insiders Trades at VZ

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.

Can I rely on VZ as an income stream?

Verizon pays a dividend of 6.44%, compared to the Telecom Services industry's average dividend yield of 4.5%. If you owned $1,000 worth of VZ stock, you would have received $64.41 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.

What others are saying about VZ

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Make your VZ purchase

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.

Hit the Open Trade button and eToro will place the order.

If you require more info about buying stocks on eToro, click the how to video below:

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Step 6: Keep tabs on your investment in VZ

Now that you own some VZ stock, you'll want to stay up-to-date on your new company.

Start a watchlist to keep track of your VZ stock.

VZ Feed

How to Buy Stock in Verizon

To summarize, here are the 6 steps you need to take to buy Verizon stock right now:

  1. Decide where to buy Verizon stock
  2. Open your brokerage account
  3. Deposit money your investment account
  4. Analyze Verizon stock
  5. Make your VZ purchase
  6. Keep tabs on your investment in VZ

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Verizon, click below.

NYSE: VZ
$41.30+0.22 (+0.54%)
Updated Jul 11, 2024
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NYSE: VZ
$41.30+0.22 (+0.54%)
Updated Jul 11, 2024
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FAQ

How much does it cost to buy one Verizon share?

As of Jul 11, 2024, it costs $41.30 to buy one share of Verizon stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.242 shares of VZ.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Verizon stock?

According to 11 Wall Street analysts who monitor Verizon, their consensus recommendation is to buy Verizon stock.

What is the best way to buy Verizon stock?

One way to place an order for Verizon stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.