VerizonVZ
Market Cap: $173B
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 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.
Employees: 105,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $1.68B | Put options by funds: $1.39B
1% more repeat investments, than reductions
Existing positions increased: 1,211 | Existing positions reduced: 1,195
1% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 167
0% more funds holding
Funds holding: 2,799 [Q1] → 2,801 (+2) [Q2]
0.74% less ownership
Funds ownership: 63.39% [Q1] → 62.65% (-0.74%) [Q2]
2% less capital invested
Capital invested by funds: $112B [Q1] → $109B (-$2.29B) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 61 [Q1] → 54 (-7) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Keybanc Brandon Nispel 58% 1-year accuracy 11 / 19 met price target | 7%upside $44 | Overweight Maintained | 6 Sept 2024 |
TD Cowen Dan Brennan 61% 1-year accuracy 17 / 28 met price target | 24%upside $51 | Buy Maintained | 23 Jul 2024 |
JP Morgan Philip Cusick 71% 1-year accuracy 10 / 14 met price target | 9%upside $45 | Neutral Maintained | 23 Jul 2024 |
RBC Capital Jonathan Atkin 79% 1-year accuracy 11 / 14 met price target | 2%upside $42 | Sector Perform Reiterated | 23 Jul 2024 |
Scotiabank Maher Yaghi 100% 1-year accuracy 8 / 8 met price target | 13%upside $47 | Sector Perform Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 101 articles about VZ published over the past 30 days