Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. It also provides residential fixed connectivity solutions, including internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. Verizon Communications Inc. has a strategic partnership with Mastercard Incorporated. 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.
IPO Year: n/a
Exchange: NYSE
Website: verizon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/29/2025 | $40.00 | Hold → Buy | DZ Bank |
| 12/10/2024 | $48.00 | Mkt Perform | Bernstein |
| 10/24/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/1/2024 | $50.00 | Buy | Goldman |
| 3/22/2024 | $33.00 → $39.00 | Sell → Neutral | Redburn Atlantic |
| 1/31/2024 | $44.00 | Overweight → Equal Weight | Barclays |
| 1/24/2024 | $36.00 → $47.00 | Neutral → Outperform | Daiwa Securities |
| 1/16/2024 | $42.00 → $45.00 | Buy | Citigroup |
| 1/4/2024 | $46.00 | Peer Perform → Outperform | Wolfe Research |
| 1/3/2024 | $45.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
S-4/A - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
10-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
S-4 - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
10-Q - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
DFAN14A - VERIZON COMMUNICATIONS INC (0000732712) (Filed by)
8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Joe Russo, executive vice president and president of Global Networks and Technology (GN&T) at Verizon ((NYSE, NASDAQ:VZ), is scheduled to speak at the Barclays Communications and Content Symposium on Tuesday, February 25, at 9:15 a.m. ET. His remarks will be webcast, with access instructions available on Verizon's Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. ((NYSE, NASDAQ:VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly al
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Verizon Innovative Learning, an award-winning education initiative, has reached over 8.5 million students, bringing Verizon closer to its goal of empowering 10 million by 2030. Through partnerships with leading academic institutions and educational providers, Verizon Innovative Learning empowers teachers and students with new ways of learning through technology-integrated curriculum, emerging technologies, and extensive support for educators. Only half (55%) of students1 preparing to enter the workforce say they have the skills necessary to be successful in today's digital economy, making the mission of Verizon Innovative Learning - add
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ("Verizon") ((NYSE, NASDAQ:VZ) today announced that it will redeem the following notes on March 18, 2025 (the "Redemption Date"): I.D. NumberTitle of SecurityPrincipal AmountOutstandingCUSIP: 92343V EP5ISIN: US92343VEP58Common Code: 182168670Floating Rate Notes due 2025 (the "Notes")$487,396,000 The redemption price for the Notes will be equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date. Questions relating to the notice of redemption and related materials should be directed to the paying agent: U.S. Bank Trust Company, National Association, Attn:
What you need to know: Verizon customers in New Orleans used 93.5 TB of data on Super Bowl Sunday.The fans at Caesars Superdome used 38.1 TB of data in and around the stadium.Verizon customers benefited from 2.4x faster download and 4.8x faster upload speeds than the competition. NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- As the official 5G network of the NFL, Verizon powered the gameday experience across New Orleans on Super Bowl Sunday. As fans gathered to watch the Philadelphia Eagles' victory over the Kansas City Chiefs, Verizon customers used 93.5 TB of data. No matter where they were celebrating, fans benefited from the massive network upgrades made across the city and were able t
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Verizon's relentless focus on innovation and customer experience has once again earned them the top spot in the industry, claiming Best 5G, Fastest 5G, and Most Reliable 5G in the 2024 RootMetrics® second half drive tests, the nation's most rigorous, independent scientific study. This win underscores Verizon's unwavering commitment to providing customers with a superior 5G network experience where they live, work, and play. "Our priority is delivering the best, most reliable, secure 5G network experience for our customers," said Joe Russo, EVP & President, Global Network and Technology at Verizon. "This recognition from Rootmetrics reflects ou
NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- [TL;DR] Verizon bolsters its perk portfolio with the addition of Google One AI Premium at exclusive value for myPlan and myHome customers at an unbeatable dealGet access to Gemini Advanced for everyday tasks, and 2 TB of sharable cloud storage for an exclusive monthly price of just $10/mo. (a savings of $9.99/mo.)1Verizon continues to add new perks to myPlan and myHome, giving customers access to their favorite productivity and streaming services at a great value [Big News] Verizon continues to pack more value into myPlan and myHome with the addition of the first AI perk from a wireless provider — Google One AI Premium. Starting February 6,
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- The Verizon Foundation is providing an additional $500,000 to support the work of four community partners delivering on-the-ground resources to those directly affected by the Southern California fires and windstorms. These funds add to $1 million already provided to the American Red Cross and the Los Angeles Fire Department Foundation (LAFD). The additional contributions aim to provide support for recovery efforts in the region. The donations will be split among the following organizations: Habitat for Humanity Greater LA - ReBUILD LA: $150KCA Fire Foundation: $150KAltaMed Foundation: $100KYMCA of Metropolitan Los Angeles: $100K "As the situ
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- On Jan. 3, Verizon announced its first-ever Super Bowl FanFest for customers and fans, bringing the excitement of Super Bowl LIX to stadiums and iconic venues in 30 cities across the country. The FanFests received overwhelming interest; all 100,000+ free tickets have been claimed and events are at capacity. Each event was designed to accommodate a few thousand guests, allowing them to enjoy the expansive stadiums and venues with exclusive access, including on-field activities, locker room tours, Club Level access, player meet-and-greets and more, varying by location. "Our Super Bowl FanFest will be the biggest Super Bowl Party ever, and the
CHARLOTTE, N.C., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Verizon is teaming with ForgiveCo to eliminate $10 million in consumer debt for 6,500 Western North Carolinians. The debt relief campaign is part of Verizon's ongoing commitment to recovery following Hurricane Helene's sweeping devastation. Hundreds of North Carolina families are currently learning that Verizon has cleared their medical, financial, and other debts of necessity. The debt relief was implemented by ForgiveCo, whose "random acts of kindness" model purchases consumer debt in the affected areas, with no applications required, and notifies recipients through life-changing surprise letters, emails, and text messages. As if a pho
NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Today, Verizon is pushing the boundaries of satellite and terrestrial telecommunications convergence. Satellites are no longer reserved for the extraordinary—they are woven into the everyday, and are being used to help connect and power customers' lives. A lot has changed since 2014 when Verizon's famous test man roamed the country asking "Can you hear me now?" Now he's back, and reaching the limits of space with the help of American icon and astronaut Buzz Aldrin. They're partnering to show how America's largest network just got better. "Fifty-six years ago I was one of the select few that made it into Space and the first team to help America
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
DZ Bank upgraded Verizon from Hold to Buy and set a new price target of $40.00
Bernstein initiated coverage of Verizon with a rating of Mkt Perform and set a new price target of $48.00
KeyBanc Capital Markets downgraded Verizon from Overweight to Sector Weight
Goldman initiated coverage of Verizon with a rating of Buy and set a new price target of $50.00
Redburn Atlantic upgraded Verizon from Sell to Neutral and set a new price target of $39.00 from $33.00 previously
Barclays downgraded Verizon from Overweight to Equal Weight and set a new price target of $44.00
Daiwa Securities upgraded Verizon from Neutral to Outperform and set a new price target of $47.00 from $36.00 previously
Citigroup reiterated coverage of Verizon with a rating of Buy and set a new price target of $45.00 from $42.00 previously
Wolfe Research upgraded Verizon from Peer Perform to Outperform and set a new price target of $46.00
KeyBanc Capital Markets upgraded Verizon from Sector Weight to Overweight and set a new price target of $45.00
SAN JOSE, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- [TL;DR] Samsung Galaxy S25 series is coming to Verizon with preorders kicking off todayCurrent and new customers can get a new Galaxy S25+ or Galaxy S25 on us, or $1,000 off a Galaxy S25 Ultra with select trade-in on Unlimited Ultimate plan1And choose a Galaxy Watch7 or Galaxy Tab S9 FE 5G, also on us. Service plans required for watch and tablet1 The big news Samsung's latest flagship smartphones — the Galaxy S25 Ultra, Galaxy S25+ and the Galaxy S25 — are available to Verizon customers. Packed with advanced AI features including Seamless actions across apps and Now Brief, along with Satellite SOS, these phones are designed to keep u
Purchasing Verizon products and services just got even easier Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to helping its small business, home office, and education customers live more productive and organized lives, is pleased to announce its business initiative with Verizon, a renowned telecommunications and technology provider. This relationship aims to provide small and medium-sized businesses and consumer customers with a seamless shopping experience for Verizon products and services within Office Depot and OfficeMax stores. As part of this relationship, Verizon will offer a selection of Verizon business and consumer service
BASKING RIDGE, N.J., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Verizon Communications ((NYSE, NASDAQ:VZ) today announced the appointment of Santiago "Yago" Tenorio as Chief Technology Officer and SVP of Strategy and Technology Enablement. Tenorio brings more than 25 years of technical expertise in the wireless industry to lead the next chapter of Verizon technology innovation. Tenorio will report directly to Joe Russo, Executive Vice President & President, Global Network and Technology. "As we continue to advance our 5G and 5G-advanced network builds, this is the right time to also look towards the future technology Verizon will enable," said Joe Russo, Executive Vice President & President, Globa
BASKING RIDGE, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced the launch of a newly-established program designed to help strengthen partnerships with vendors in the public safety and mission-critical communications industry. The "Verizon Frontline-Verified" program offers a special designation to vendors whose products have been tested and met the rigorous standards required for public safety use on the Verizon network. The products eligible for this status are specifically designed to assist public safety officials and first responders during all types of hazards and emergencies. "This program is designed to help give the first responders we support peace
BASKING RIDGE, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format. Verizon's shareholders elected each of Verizon's 10 directors to a one-year term. Shareholders also voted in favor of two management proposals: Approved the compensation of the company's named executive officers as described in the 2024 proxy statement; andRatified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm. All seven shareholder proposals were defeated: prohibit political contributions study; expand discl
NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- Verizon Business, in collaboration with Nokia, is heading to Chicago to showcase the latest technologies driving business innovation and powering business growth at the first Innovation Session of 2024. This invite-only event will follow a curated program highlighting the transformative impact of 5G and other applications through immersive demonstrations of current and forward-looking use cases. "We're excited to bring our Innovation Sessions back to Soldier Field, showcasing Verizon Business' commitment to pioneering advancements in connectivity," said Jonathan Nikols, SVP, Global Enterprise Americas, Verizon Business. "Our upcoming Innovation
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- The U.S. Environmental Protection Agency has recognized Verizon Communications Inc. ((NYSE, NASDAQ:VZ) as a recipient of the 2024 ENERGY STAR® Partner of the Year – Sustained Excellence Award in the Energy Management category. This marks the 12th consecutive year that Verizon has been recognized by ENERGY STAR® for its ongoing leadership in protecting the environment through its numerous energy efficient milestones and achievements. Verizon has achieved 677 ENERGY STAR certifications for its properties since 2001 and will continue to pursue ENERGY STAR certifications for 100% of its eligible facilities. Verizon is actively reducing energy us
Shellye Archambeau brings over 30 years of expertise in technology leadership to the Lineage Board of Directors Lineage, Inc. ("Lineage"), the world's largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage's operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423547241/en/Lineage today announced the appointment
Company adds proven SaaS public company CHRO, Jeff Harper, and additional senior roles amidst ongoing scale and expansion. AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced it has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure, continue to attract and retain exceptional talent, and steward AuditBoard's award-winning company culture through continued rapid growth. In addition, AuditBoard has appointed two internal leaders to new senior positions to support the next phase of growth and expansion for the business, naming Anthony Pl
NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Today, Verizon announced it has joined RE100, a global initiative bringing together the world's most influential businesses committed to 100% renewable electricity. Led by the Climate Group and in partnership with CDP, RE100's mission is to accelerate change towards zero carbon grids at scale, an objective that Verizon is proud to support. As previously announced, Verizon aims to source renewable energy equivalent to 100% of its annual electricity usage by 2030, with an interim target of 50% by 2025. "As a core part of our business, Verizon looks to benefit the communities where we operate, identify ways to be stronger and more resilient and cr
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 3, 2025, to Verizon shareholders of record at the close of business on January 10, 2025. "Our focus on creating excellent connected life experiences for our customers every day empowers us to pay a consistent dividend, which we have increased for 18 consecutive years," said Chairman and CEO Hans Vestberg. "With the largest consumer wireless base in the U.S., industry leading share in business, and strong cash flow, we a
Key Takeaways: Verizon reaches fixed wireless access subscriber target 15 months ahead of scheduleCustomer demand for broadband solutions accelerates fixed wireless and fiber rolloutFixed wireless subscribers on path to double to 8-9 million by 2028Fiber network expected to expand to 35-40 million passings over time NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today announced an update to its broadband strategy, with new fixed wireless subscriber goals, household targets and broadband offerings to accelerate its premium broadband and mobility services to millions more customers nationwide. Verizon has more than 11.9 million total broadband co
Key Highlights: Increases scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, D.C.Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closingVerizon reaffirms full-year 2024 guidanceProjected to generate at least $500 million in annual run-rate cost synergiesVerizon to host investor conference call today at 8:00 AM Eastern Time NEW YORK and DALLAS, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) and Frontier Communications Parent, Inc. (NASDAQ:FYBR) today announced they have entered into a definitive agreement for Verizo
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10, 2024. This is the 18th consecutive year Verizon's Board has approved a quarterly dividend increase. "Our strong focus on three key pillars – wireless service revenue growth, adjusted EBITDA expansion, and free cash flow generation – has once again put the Board in a position to raise the dividend," said Chairma
What you need to know: Verizon recently added 20 new small cells and added 5G capacity to 31 existing cell sites in Myrtle Beach, and added a new cell site to offer expanded 4G and 5G coverage and added 5G capacity to eight existing cell sites in Hilton Head.Beachgoers are more likely to bring their phones to the beach than a chair, umbrella, or cooler.Among those who have worked from the beach, nearly 1 in 5 say they've done so secretly, without telling their boss or coworkers (18%). MYRTLE BEACH, S.C., June 18, 2024 (GLOBE NEWSWIRE) -- Whether sharing beach volleyball pictures on social media, attending a quick work conference call, or making online dinner reser
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, consistent with the previous three quarters. The quarterly dividend is payable on August 1, 2024, to Verizon shareholders of record at the close of business on July 10, 2024. "Our commitment to delivering a consistent dividend reflects both our confidence in the strength of our cash flow and our dedication to creating value for our shareholders," said Chairman and CEO Hans Vestberg. "We are focused on putting the Board in a position to raise the dividend again later this year, which we have done for
NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 1, 2024, to Verizon shareholders of record at the close of business on April 10, 2024. "We are one of the strongest cash generating companies in the industry, and we are proud to have raised our dividend 17 years in a row," said Chairman and CEO Hans Vestberg. "We continue to focus on maximizing value for our shareholders and executing our network-as-a-service strategy." Verizon has approximately 4.2 billion shares of
NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2024, to Verizon shareholders of record at the close of business on January 10, 2024. "We are committed to delivering value to our customers and shareholders as we execute on our focused network strategy," said Chairman and CEO Hans Vestberg. "Our financial discipline and strong cash flow continue to put the company in a position for the Board to declare a quarterly dividend." Verizon has approximately 4.2 billion s
Company ended the quarter with approximately 10.3 million broadband subscribers, an increase of nearly 21 percent year over year Year-to-date cash flow from operations increased approximately $600 million year over year, and year-to-date free cash flow1 increased $2.2 billion year over year 3Q 2023 highlights Consolidated: $1.13 in EPS, compared with $1.17 in third-quarter 2022; adjusted EPS1, excluding special items, of $1.22, compared with $1.32 in third-quarter 2022.Total operating revenue of $33.3 billion, a de
NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023. This is the 17th consecutive year Verizon's Board has approved a quarterly dividend increase. "Our consistently disciplined approach to driving strong cash flow, operating the business, and serving our customers has once again put the Board in a position to raise the dividend," said Chairman and CEO H