Verizon (VZ)

• Market cap: $190B
• 1 day: 0.99%
• 5 days: 0.43%
• 1 month: 0.89%
• 3 months: 13.56%
• 6 months: 0.43%
• Year to date: 9.52%
• 1 year: 10.71%
• 5 years: -24.67%
• 10 years: -9.94%
• Sector: Communication Services
• Industry: Telecom Services

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 disclosures by fund managers ($100M+ AUM)

84% more first-time investments, than exits

New positions opened: 340 | Existing positions closed: 185

3% more funds holding

Funds holding: 2,872 [Q3] → 2,970 (+98) [Q4]

1.95% more ownership

Funds ownership: 61.97% [Q3] → 63.92% (+1.95%) [Q4]

5% less capital invested

Capital invested by funds: $117B [Q3] → $112B (-$5.28B) [Q4]

7% less call options, than puts

Call options by funds: $1.6B | Put options by funds: $1.71B

15% less funds holding in top 10

Funds holding in top 10: 55 [Q3] → 47 (-8) [Q4]

16% less repeat investments, than reductions

Existing positions increased: 1,114 | Existing positions reduced: 1,322

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 2% upside
• Avg. target: $50 13% upside
• High target: $55 25% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Scotiabank Maher Yaghi 65% 1-year accuracy 13 / 20 met price target	10% upside $49	Sector Perform Maintained	8 Apr 2025
Oppenheimer Timothy Horan 50% 1-year accuracy 9 / 18 met price target	14% upside $50	Outperform Maintained	1 Apr 2025
RBC Capital Jonathan Atkin 65% 1-year accuracy 13 / 20 met price target	2% upside $45	Sector Perform Reiterated	25 Mar 2025
Tigress Financial Ivan Feinseth 45% 1-year accuracy 30 / 66 met price target	25% upside $55	Buy Maintained	30 Jan 2025