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: 99,600
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 291 | Existing positions closed: 178
0.7% more ownership
Funds ownership: 62.88% [Q3] → 63.58% (+0.7%) [Q4]
1% less funds holding
Funds holding: 2,867 [Q3] → 2,843 (-24) [Q4]
7% less call options, than puts
Call options by funds: $1.6B | Put options by funds: $1.71B
6% less capital invested
Capital invested by funds: $119B [Q3] → $112B (-$7.34B) [Q4]
16% less repeat investments, than reductions
Existing positions increased: 1,074 | Existing positions reduced: 1,286
20% less funds holding in top 10
Funds holding in top 10: 55 [Q3] → 44 (-11) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Tigress Financial Ivan Feinseth 77% 1-year accuracy 53 / 69 met price target | 29%upside $55 | Buy Maintained | 30 Jan 2025 |
Scotiabank Maher Yaghi 71% 1-year accuracy 12 / 17 met price target | 11%upside $48 | Sector Perform Maintained | 27 Jan 2025 |
UBS John Hodulik 88% 1-year accuracy 15 / 17 met price target | 5%upside $45 | Neutral Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 92 articles about VZ published over the past 30 days
