Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
Based on short-term price targets offered by 22 analysts, the average price target for Verizon Communications comes to $45.28. The forecasts range from a low of $38.76 to a high of $52.00. The average price target represents an increase of 15.84% from the last closing price of $39.09.
Verizon has a consensus rating of Moderate Buy which is based on 7 buy ratings, 7 hold ratings and 0 sell ratings. What is Verizon's price target? The average price target for Verizon is $45.68. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
According to the latest long-term forecast, Verizon price will hit $40 by the end of 2024 and then $50 by the end of 2026. Verizon will rise to $55 within the year of 2027, $60 in 2028, $65 in 2029, $75 in 2030, $80 in 2031, $85 in 2033, $90 in 2034, $95 in 2035 and $100 in 2036.
The intrinsic value of one VZ stock under the Base Case scenario is 58.6 USD. Compared to the current market price of 39.09 USD, Verizon Communications Inc is Undervalued by 33%. What is intrinsic value?
Verizon stock holds a Relative Strength Rating of 53 out of a best-possible 99, according to the IBD Stock Checkup. The best stocks tend to have RS ratings of 80 or better. In addition, VZ stock has an IBD Composite Rating of 49 out of 99.
Verizon reported adjusted earnings of $1.15 a share for the quarter, in line with analyst expectations but a slowdown from last year's adjusted earnings of $1.21 a share. This was also the lowest earnings per share for a second quarter since 2017. Revenue didn't buoy investor sentiment either.
Verizon's upcoming ex-dividend date is on Jul 10, 2024. Verizon shareholders who own VZ stock before this date will receive Verizon's next dividend payment of $0.67 per share on Aug 01, 2024.
More than 1 million Verizon customers in 18 states now are AT&T subscribers, but their plans wont change for a while. AT&T Inc. has wrapped the acquisition of Verizon Wireless assets in a number of states, but Verizon customers plans and coverage will stay the same for about the next year.
Total debt on the balance sheet as of March 2024 : $175.63 B
According to Verizon's latest financial reports the company's total debt is $175.63 B. A company's total debt is the sum of all current and non-current debts.
What percentage of Verizon (VZ) stock is held by retail investors? According to the latest TipRanks data, approximately 62.38% of Verizon (VZ) stock is held by retail investors. Vanguard owns the most shares of Verizon (VZ).
We continue to build and expand on our strengths and successes with new products and services, and we are confident that this upward momentum will position us for future growth." For second-quarter 2024, Verizon reported earnings per share of $1.09, compared with earnings per share of $1.10 in second-quarter 2023.
These risks are primarily reflected through its low Altman Z-score of 1.19. These indicators suggest that Verizon Communications, despite its apparent undervaluation, might be a potential value trap.
may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of VZ, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Our fair value estimate of $54 per share is roughly 8.1 times our 2024 EBITDA forecast. Our valuation also implies an 8.2% free cash flow yield based on Verizon's performance in 2023.
As of 2024-07-22, the Fair Value of Verizon Communications Inc (VZ) is 13.43 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.09 USD, the upside of Verizon Communications Inc is -65.6%.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...
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