- Previous Close
44.52 - Open
43.77 - Bid 44.15 x 1100
- Ask 44.22 x 800
- Day's Range
43.55 - 44.25 - 52 Week Range
30.62 - 45.36 - Volume
11,630,529 - Avg. Volume
18,619,775 - Market Cap (intraday)
185.977B - Beta (5Y Monthly) 0.41
- PE Ratio (TTM)
16.61 - EPS (TTM)
2.66 - Earnings Date Oct 22, 2024
- Forward Dividend & Yield 2.71 (6.13%)
- Ex-Dividend Date Oct 10, 2024
- 1y Target Est
46.55
Verizon Communications Inc., through its subsidiaries, engages in the provision of 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 wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
www.verizon.com103,900
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: VZ
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: VZ
View MoreValuation Measures
Market Cap
185.98B
Enterprise Value
356.52B
Trailing P/E
16.61
Forward P/E
9.38
PEG Ratio (5yr expected)
2.52
Price/Sales (ttm)
1.39
Price/Book (mrq)
1.93
Enterprise Value/Revenue
2.66
Enterprise Value/EBITDA
8.75
Financial Highlights
Profitability and Income Statement
Profit Margin
8.38%
Return on Assets (ttm)
4.98%
Return on Equity (ttm)
12.10%
Revenue (ttm)
134.24B
Net Income Avi to Common (ttm)
11.25B
Diluted EPS (ttm)
2.66
Balance Sheet and Cash Flow
Total Cash (mrq)
2.49B
Total Debt/Equity (mrq)
182.83%
Levered Free Cash Flow (ttm)
8.38B
Research Analysis: VZ
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Research Reports: VZ
View MoreWhen looking for potential relative strength, we note that the Russell 2000 (IWM) continues to have a very messy long-term chart -- but it's possible that a large cup-with-handle pattern is being traced out.
When looking for potential relative strength, we note that the Russell 2000 (IWM) continues to have a very messy long-term chart -- but it's possible that a large cup-with-handle pattern is being traced out. An index break over the prior high at 235 from late 2021 would complete the pattern. As long as that breakout holds, small-caps could have a lot of room on the upside. Relative strength for the IWM versus the S&P 500 is still in a downtrend, but has flattened since late 2023. The iShares Core S&P Small Cap (IJR), which is the ETF for the S&P SmallCap 600 (SML) index, looks a bit better. We like this chart more than the IWM chart as it is less volatile and closer to making an all-time high. However, in recent years, IWM and IJR have performed in-line with each other. The iShares MSCI Emerging Market ETF (EEM) remains weak on both an absolute and relative basis. The EEM does well when the U.S. Dollar Index (USD) falls and does terribly when the greenback is rising, this as the two are highly negatively correlated. Unless the dollar really breaks down, we would not invest in EEM, which has trailed the "500" since October 2010. Most of the big moves in Bitcoin have been highly negatively correlated with the USD. After a five-wave move higher, Bitcoin looks to be tracing out a bullish flag. For Bitcoin to break to all-time highs, we likely need the USD to continue lower. The COT data for the greenback just turned bullish, which could hurt Bitcoin. For now, we would be patient and wait for a break out of the flag. And, of note, there are many other ways to play crypto. (Mark Arbeter, CMT)
Agrees to acquire Frontier
Verizon is a leader in the U.S. telecommunications industry. The company was created in July 2000 when Bell Atlantic and GTE merged.
RatingPrice TargetWith Labor Day weekend now behind us, insider sentiment, as expressed by data
With Labor Day weekend now behind us, insider sentiment, as expressed by data from Vickers Stock Research, doesn't suggest a broad mover higher for stocks, nor does it suggest a big move lower. Compared to the prior week, Vickers' sell/buy ratios have remained largely stable, with the Total One-Week Sell/Buy Ratio rising slightly to 4.22 from 4.05, while the Total Eight-Week Sell/Buy Ratio has fallen slightly to 4.52 from 4.75. Meanwhile, Vickers' Insider Index is now at -19.57 compared to last week's -19.49, but is improved from the annual low of -20.98 set in early August. Surrounded by an environment of swirling geopolitical issues, 'pending' interest-rate cuts, and a contentious presidential election ahead, it is hard to blame any investor, insider or not, for thinking a seat on the sidelines may be reasonable right now. On a sector basis, insider buying outpaced selling in the Energy sector last week by a factor of 9.5-times. On the flipside, selling by insiders last week was greatest in Financials, with shares valued at $366 million sold versus just $4 million bought. Selling was also of note in Consumer Discretionary, Healthcare, Information Technology, Industrials, and Consumer Staples. This week, analysts at Vickers highlighted insider transactions of interest at Bank of America Corp. (BAC) and Foot Locker Inc. (FL).
Verizon: The Frontier Acquisition Provides a Small Strategic Benefit at a Full Price
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
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