Verizon Communications Inc. (VZ)

NYSE: VZ · IEX Real-Time Price · USD
38.50
+0.08 (0.21%)
Dec 6, 2023, 4:00 PM EST - Market closed
0.21%
Market Cap 161.52B
Revenue (ttm) 134.10B
Net Income (ttm) 20.90B
Shares Out 4.20B
EPS (ttm) 4.97
PE Ratio 7.75
Forward PE 8.21
Dividend $2.66 (6.91%)
Ex-Dividend Date Oct 6, 2023
Volume 20,211,234
Open 38.25
Previous Close 38.42
Day's Range 38.08 - 38.88
52-Week Range 30.14 - 42.58
Beta 0.40
Analysts Buy
Price Target 41.29 (+7.25%)
Earnings Date Jan 23, 2024

About VZ

Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wire... [Read more]

IPO Date Jul 3, 2000
Employees 117,100
Stock Exchange NYSE
Ticker Symbol VZ
Full Company Profile

Financial Performance

In 2022, VZ's revenue was $136.84 billion, an increase of 2.41% compared to the previous year's $133.61 billion. Earnings were $21.26 billion, a decrease of -3.67%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $41.29, which is an increase of 7.25% from the latest price.

Price Target
$41.29
(7.25% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Verizon Adds Former Peloton CMO Leslie Berland to Leadership Team

Verizon Communications has appointed former Peloton Chief Marketing Officer Leslie Berland as executive vice president and chief marketing officer.  Effective Jan. 9, Berland will oversee Verizon's gl...

13 hours ago - PYMNTS

Verizon appoints Leslie Berland as Chief Marketing Officer

Berland brings over 20 years of experience building some of the world's most iconic brands to oversee Verizon's global marketing strategy Berland brings over 20 years of experience building some of th...

18 hours ago - GlobeNewsWire

Verizon Frontline, Columbus Division of Police partner to upgrade officer connectivity

COLUMBUS, Ohio, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Verizon Frontline late last week completed the deployment of a total of 1,400 new 5G Ultra Wideband (UW)-compatible smartphones to officers and suppor...

23 hours ago - GlobeNewsWire

Verizon Business and Zebra Technologies launch device and software solutions to accelerate private 5G

What you need to know: Zebra mobile device and software packaged solutions are certified to work with Verizon Private 5G and LTE networks throughout the U.S., helping private-network customers get ope...

23 hours ago - GlobeNewsWire

Verizon expands partnership with TechSTL to advance digital equity in St. Louis through the Verizon Forward Community Enhancement Award

ST. LOUIS, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Verizon announces a $100,000 award to TechSTL for the TechLAUNCH program in St. Louis. The partnership is part of the Verizon Forward Community Enhancement...

1 day ago - GlobeNewsWire

Verizon wins $15 million Navy MWR data services contract

WASHINGTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Verizon Public Sector has been competitively awarded a $15 million task order with Navy Morale, Welfare, and Recreation (MWR) through the federal governme...

1 day ago - GlobeNewsWire

Verizon Offers $10 Bundle For Netflix And Max: Here Are All The Bundle Deals Currently Available

From competitors to partners: Netflix and Max announce first-ever bundle for Verizon myPlan customers.

Other symbols: NFLX
2 days ago - Forbes

Verizon announces Netflix, Max streaming bundle for customers

Verizon Communications said on Monday it would offer streaming subscriptions to Netflix and Warner Bros Discovery-owned Max platforms as a bundle to its customers.

Other symbols: NFLX
2 days ago - Reuters

Verizon to offer a Netflix and Max bundle for $10 monthly

Verizon Communications Inc. VZ, +0.65% plans to offer a bundle containing ad-free Netflix and Max for $10 a month combined to customers of its myPlan service. These wireless plans let customers choose...

Other symbols: NFLX
3 days ago - Market Watch

Verizon to offer Netflix & Max streaming bundle as $10 per month myPlan perk

New bundle – only for Verizon customers – saves more than 40% each month New bundle – only for Verizon customers – saves more than 40% each month

3 days ago - GlobeNewsWire

Verizon Chairman & CEO Hans Vestberg to speak at UBS Global Media & Communications Conference Dec. 4

NEW YORK, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the UBS Global Media & Communications Conference on Monday, December...

6 days ago - GlobeNewsWire

Verizon Business brings 5G Innovation Sessions to Dallas

Verizon and Nokia to bring the final event of the 2023 5G Innovation Sessions tour to Globe Life Field on December 6 Verizon and Nokia to bring the final event of the 2023 5G Innovation Sessions tour ...

6 days ago - GlobeNewsWire

Verizon-subsidiary TracFone to pay $23.5 million to resolve FCC probes

Verizon-subsidiary TracFone Wireless agreed to pay $23.5 million to resolve a Federal Communications Commission investigation into allegations it violated rules for two government programs, the agency...

7 days ago - Reuters

These are the top sectors for blue chip growth in 2024

With 2023 drawing to a close, it's time to start looking at 2024 and what it may bring to investors. The number one item on the list is uncertainty.

7 days ago - MarketBeat

Verizon accelerates network slicing technology with new public safety use case

Field demonstration shows initial capabilities of end-to-end, dynamic network resource provisioning on a 5G network to enhance situational awareness for public safety personnel Field demonstration sho...

8 days ago - GlobeNewsWire

Verizon to speak at Wells Fargo TMT Summit November 28

NEW YORK, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Joe Russo, executive vice president and president of global networks and technology of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Wells Fargo ...

10 days ago - GlobeNewsWire

Verizon Frontline supports wildfire response efforts in Virginia

MADISON, Va., Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of the more than 200 first responders responsible for battling the...

15 days ago - GlobeNewsWire

Verizon advances network technology at the big motorsports event in Las Vegas

Customers used 79.3 TB of data over Verizon's fast, reliable 5G Ultra Wideband network. Network Slicing demo showed exceptional performance for streaming content in a high data-usage environment. Cust...

15 days ago - GlobeNewsWire

Verizon awards $100K to Portland Regional Chamber of Commerce to advance digital equity in Maine

PORTLAND, Maine, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Verizon announces a $100,000 award to the Portland Regional Chamber of Commerce (“the Chamber”) for the development of Opportunity Clicks. The partne...

15 days ago - GlobeNewsWire

Verizon's stock heads for longest winning streak in more than a decade

Verizon Communications Inc. shares VZ were up 1.3% in morning trading Tuesday and on track to log their eighth session in a row of gains. That would make for the stock's longest winning streak since t...

15 days ago - Market Watch

Verizon grants $100K to Associated Industries of Massachusetts to launch digital inclusion program

BOSTON, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Verizon announces a $100,000 award to the Associated Industries of Massachusetts (AIM) to establish the Digital Inclusion Initiative (DI2). The partnership is...

15 days ago - GlobeNewsWire

Verizon earns highest federal performance rating for 10th year in a row

Consecutive “exceptional” WITS 3 rating punctuates decade of federal contract growth Consecutive “exceptional” WITS 3 rating punctuates decade of federal contract growth

16 days ago - GlobeNewsWire

Verizon Business expands private 5G at Port of Virginia with new network at Norfolk International Terminal

What you need to know: The agreement between Norfolk International Terminal (NIT) and Verizon Business follows the successful deployment of a private 5G network at the neighboring Virginia Internation...

20 days ago - GlobeNewsWire

10 media stocks expected by Wall street analysts to rise as much as 60% in 2024

The Communications Services sector of the S&P 500 is a mixed bag of companies growing revenue quickly and others with business models that are mature or undergoing transformation. Some of the latter h...

22 days ago - Market Watch

Verizon Business 2023 Mobile Security Index: Balancing Security with Business Imperatives

What you need to know: Users are 6-10 times more likely to fall victim to an SMS phishing attack than an email attack 90% of successful cyberattacks and as many as 70% of successful data breaches orig...

22 days ago - GlobeNewsWire