Verizon Communications Inc. (NYSE:VZ) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Verizon Communications Inc. (NYSE:VZGet Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.5938.

VZ has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Morgan Stanley boosted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $50.25 to $54.50 in a research report on Monday, March 9th. JPMorgan Chase & Co. boosted their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Barclays boosted their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st.

View Our Latest Stock Analysis on Verizon Communications

Verizon Communications Price Performance

Shares of NYSE VZ opened at $45.39 on Friday. Verizon Communications has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The company’s 50-day moving average is $47.55 and its 200 day moving average is $45.27. The stock has a market capitalization of $189.53 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.07 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, sell-side analysts expect that Verizon Communications will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.2%. Verizon Communications’s payout ratio is presently 69.02%.

More Verizon Communications News

Here are the key news stories impacting Verizon Communications this week:

Institutional Investors Weigh In On Verizon Communications

Several hedge funds have recently bought and sold shares of VZ. Strengthening Families & Communities LLC boosted its stake in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in Verizon Communications during the fourth quarter worth about $28,000. Lam Group Inc. bought a new stake in Verizon Communications during the first quarter worth about $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications during the third quarter worth about $29,000. Finally, EQ Wealth Advisors LLC purchased a new stake in Verizon Communications during the 4th quarter valued at about $29,000. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Company Profile

(Get Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

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Analyst Recommendations for Verizon Communications (NYSE:VZ)

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