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.
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.
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 7.73% from the last closing price of $42.03.
According to the latest long-term forecast, Verizon price will hit $50 by the end of 2026 and then $55 by the middle of 2027. Verizon will rise to $60 within the year of 2028, $65 in 2029, $75 in 2030, $80 in 2031, $85 in 2032, $90 in 2034, $95 in 2035 and $100 in 2036.
Price in 2024: According to experts, VZ stock will range between $41.96 and $51.43, reflecting positive market sentiment of the company. Long-term Price Forecast for 2025-2030: According to various analysts, Verizon's stock price may fall to $17.78 by mid-2029 or rise to $86.54 by December 2028.
According to our Verizon Communications stock prediction for 2025, VZ stock will be priced at $ 40.94 in 2025. This forecast is based on the stock's average growth over the past 10 years.
Verizon Communications' revenue rose slightly last quarter, but fell short of expectations, as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.
As of 2024-07-18, 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 42.03 USD, the upside of Verizon Communications Inc is -68%.
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 ...
AT&T purchased the Verizon assets for about $2.35 billion in cash. All in all, AT&T said it plans to invest between $18 billion and $19 billion this year, assuming a favorable regulatory environment, in its wireless networks and wireline backhaul.
Verizon stock (symbol: VZ) underwent a total of 6 stock splits. The most recent stock split occurred on July 2nd, 2010. One VZ share bought prior to April 18th, 1986 would equal to 8.8955827503689 VZ shares today.
Although Verizon's broadband and wireless sectors are showing promising long-term growth, its core business is stagnant, resulting in lackluster earnings growth. Uninspiring earnings per share (EPS) growth, however, doesn't mean the dividend is in jeopardy.
The customer exodus in Verizon's consumer division took off at the beginning of 2022, when it lost 292,000 such customers. But some analysts see an end in sight. Verizon has been steadily losing customers in its consumer business since the beginning of last year.
The intrinsic value of one VZ stock under the Base Case scenario is 58.85 USD. Compared to the current market price of 42.03 USD, Verizon Communications Inc is Undervalued by 29%. What is intrinsic value?
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.
The company earned $18.7 billion in free cash flow in 2023, a $4.6 billion increase over 2022. Verizon paid out about 60% of its free cash flow in dividend distributions in 2023, providing a healthy margin of safety for investors looking for a reliable stream of future income.
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