Verizon Communications Inc. (NYSE:VZ) Receives $50.03 Consensus Price Target from Brokerages

by · The Markets Daily

Shares of Verizon Communications Inc. (NYSE:VZGet Free Report) have received an average rating of “Moderate Buy” from the twenty brokerages that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.0294.

Several equities analysts have recently weighed in on the company. Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Barclays began coverage on Verizon Communications in a research report on Thursday, January 22nd. They issued an “equal weight” rating and a $43.00 price target for the company. KeyCorp reiterated a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. Williams Trading set a $54.00 target price on shares of Verizon Communications in a research note on Monday, February 2nd. Finally, Morgan Stanley raised their target price on shares of Verizon Communications from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd.

Check Out Our Latest Stock Analysis on Verizon Communications

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Verizon Communications Trading Down 2.0%

VZ opened at $49.50 on Monday. The stock has a 50-day moving average of $46.02 and a 200 day moving average of $42.95. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. Verizon Communications has a 12 month low of $38.39 and a 12 month high of $51.67. The firm has a market cap of $208.78 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.12 and a beta of 0.31.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $36.38 billion for the quarter, compared to the consensus estimate of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, research analysts forecast that Verizon Communications will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.7075 dividend. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.83 dividend on an annualized basis and a yield of 5.7%. Verizon Communications’s dividend payout ratio is currently 68.15%.

Insiders Place Their Bets

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the sale, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 218,148 shares of company stock valued at $10,780,356 over the last 90 days. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Verizon Communications

A number of large investors have recently bought and sold shares of VZ. TruNorth Capital Management LLC boosted its stake in shares of Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after purchasing an additional 305 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications in the third quarter worth about $29,000. Strengthening Families & Communities LLC increased its stake in Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the period. Global Wealth Strategies & Associates increased its stake in Verizon Communications by 739.5% in the 3rd quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 599 shares during the period. Finally, Holos Integrated Wealth LLC bought a new stake in Verizon Communications during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Company Profile

(Get Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

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