Verizon
About: 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 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 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. Verizon agreed to acquire Frontier Communications in September 2024.
Employees: 105,400
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more first-time investments, than exits
New positions opened: 188 | Existing positions closed: 177
4% more capital invested
Capital invested by funds: $113B [Q2] → $118B (+$4.97B) [Q3]
3% more call options, than puts
Call options by funds: $2.1B | Put options by funds: $2.04B
0% more repeat investments, than reductions
Existing positions increased: 1,219 | Existing positions reduced: 1,213
0% more funds holding
Funds holding: 2,840 [Q2] → 2,851 (+11) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 54 [Q2] → 54 (+0) [Q3]
2.41% less ownership
Funds ownership: 64.5% [Q2] → 62.09% (-2.41%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
13%
upside
Avg. target
$48
20%
upside
High target
$55
38%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
UBS John Hodulik 80% 1-year accuracy 12 / 15 met price target | 13%upside $45 | Neutral Maintained | 20 Dec 2024 |
Scotiabank Maher Yaghi 62% 1-year accuracy 8 / 13 met price target | 18%upside $47 | Sector Perform Maintained | 23 Oct 2024 |
Tigress Financial Ivan Feinseth 72% 1-year accuracy 53 / 74 met price target | 38%upside $55 | Buy Maintained | 1 Oct 2024 |
B of A Securities David Barden 20% 1-year accuracy 1 / 5 met price target | 13%upside $45 | Neutral Maintained | 26 Sept 2024 |
Citigroup Michael Rollins 54% 1-year accuracy 13 / 24 met price target | 23%upside $49 | Buy Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 60 articles about VZ published over the past 30 days
Positive
The Motley Fool
3 hours ago
2 Beaten-Down Dividend Stocks in the Dow Jones Industrial Average With Above-Average Yields. Are They Buys Now?
Investors who are hungry for dividend-paying stocks that can be relied on will want to turn their attention toward the Dow Jones Industrial Average (^DJI 1.18%). It's a great place to start looking for streams of passive income.
Positive
Seeking Alpha
1 day ago
Allot Stock: Potential Verizon Expansion Validates The Bull Case
We believe Allot Ltd. recently launched a game-changing SECaaS expansion with Verizon and might now power its Mobile Business Internet Security ("MBIS") product. MBIS could add $11-$18 million of SECaaS ARR by year-end 2025 for Allot, and $90+ million of SECaaS ARR long-term, driving substantial revenue and profitability growth. Allot's DNI business also looks revitalized, with the recent launch of the Tera Service Gateway III potentially boosting revenues and helping to feast on competitor weaknesses.
Neutral
GlobeNewsWire
1 day ago
Verizon Frontline powers NORAD Tracks Santa initiative for 22nd year
Enhanced network solutions and Verizon Frontline assets provide redundancy and reliability so children around the world can track Santa Enhanced network solutions and Verizon Frontline assets provide redundancy and reliability so children around the world can track Santa
Neutral
Zacks Investment Research
2 days ago
Verizon Partners NVIDIA to Power Real-Time AI: Will VZ Stock Gain?
By developing state-of-the-art solutions that harness Generative AI for key insights, VZ empowers customers to anticipate and adapt to change.
Neutral
GlobeNewsWire
2 days ago
Verizon Frontline Crisis Response Team supports 800+ agencies during 2024 emergency responses
What you need to know: The Verizon Frontline Crisis Response Team deployed nearly 900 times in 2024, supporting first responders in nearly every state and Washington D.C. The team responded to requests for support from public safety agencies during responses to tornadoes, hurricanes, and wildfires.
Neutral
GlobeNewsWire
3 days ago
Johnson Fistel Investigates the Proposed Merger of Frontier Communications; Is $38.50 a Fair Price?
SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP has begun an investigation into whether the board members of Frontier Communications Parent, Inc. (NASDAQ: FYBR) breached their fiduciary duties in connection with the proposed merger with Verizon Communications Inc. (NYSE: VZ).
Positive
Zacks Investment Research
3 days ago
3 Wireless Stocks Likely to Thrive Against Industry Odds
The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite short-term headwinds and raw material price volatility. VZ, USM and CCOI are well poised to make the most of the current scenario.
Neutral
GlobeNewsWire
3 days ago
Verizon Collaborates with NVIDIA to Power AI Workloads on 5G Private Networks with Mobile Edge Compute
Verizon's reliable, secure private 5G network and Private Mobile Edge Compute (MEC) with NVIDIA AI combine to deliver powerful, real-time AI services at the edge, empowering customers through innovation Verizon's reliable, secure private 5G network and Private Mobile Edge Compute (MEC) with NVIDIA AI combine to deliver powerful, real-time AI services at the edge, empowering customers through innovation
Positive
24/7 Wall Street
4 days ago
Should You Buy the 3 Highest Yielding Dividend Stocks in the Dow Jones?
The Dow Jones is one of Wall Street's most iconic benchmarks and it tracks 30 of America's largest companies.
Positive
Seeking Alpha
5 days ago
Verizon Communications: A Solid Play For Value-Oriented Investors
AT&T has outperformed Verizon Communications this year, but Verizon's current valuation makes it an attractive investment opportunity, earning it a solid 'buy' rating. Verizon's third-quarter revenue was flat year-over-year, with growth in consumer services offsetting declines in wireless equipment sales and business segment revenue. Despite a drop in profitability due to restructuring costs, Verizon's EBITDA showed a marginal increase, and its lower leverage compared to AT&T is a positive.
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