Goldman initiated coverage on Verizon with a new price target
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Public Utilities
Goldman initiated coverage of Verizon with a rating of Buy and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
10-Q - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
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8-K - VERIZON COMMUNICATIONS INC (0000732712) (Filer)
Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22. AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs’s and the Stret’s estimate of $30 billion. Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs’s estimate of $11.37 billion and the Street’s estimate of $11.31 billion. Free cash flow of $4.6 billion was above Goldman Sachs’s estimate at $4.3 billion and the Street at $4.3 billion on lower capital investment. Wireless service revenue of $16.3 billion was in line with Goldman Sachs’s estimate at $16.2 billion, and the Street at $16.2 billion. Postpaid phone ne
AT&T Inc (NYSE:T) reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of $0.57 is in line with the analyst consensus estimate. The stock price gained after the print. Also Read: AT&T and Snowflake Hit by Cyberattack, Millions of Customers Affected In the Mobility segment, AT&T clocked 997 thousand wireless net adds, including 419 thousand postpaid phone net adds, beating analyst estimates of 279 thousand, Bloomberg reports. Verizon Communications Inc (NYSE:VZ) reported postpaid phone net additions of 148 thousand, surpassing forecasts of 118 thousand for the qua
AST SpaceMobile, Inc. (NASDAQ:ASTS) is experiencing movement in its stock price Tuesday. Here’s what you need to know. What To Know: The session volume stands at 6.772 million shares, significantly higher than the stock’s 100-day average volume of 11.084 million shares. What Else: Earlier this month, Chairman and CEO Abel Avellan published a letter to partners, shareholder and future users of the company’s space-based cellular broadband network. The key highlight of the letter is AST SpaceMobile’s strategic partnership with Verizon Communications Inc. (NYSE:VZ), building on its existing agreement with AT&T Inc. (NYSE:T). AST SpaceMobile plans to deploy the largest commercial communi
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
4 - VERIZON COMMUNICATIONS INC (0000732712) (Issuer)
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
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
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
MODESTO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Verizon is providing reliable connectivity solutions to the East Side Mosquito Abatement District, supporting their mission to protect the Northern California community against mosquitoes and vector-borne diseases. Verizon's reliable network boosts connectivity in the District Verizon Mobile Device Management (MDM) updates and manages field devices while its reliable network keeps them connected to one another. Aided by Verizon support personnel, the District can quickly and easily manage its growing number of devices when necessary. Verizon connectivity also enables the District to push VeeMAC solutions, including regular upgrades, to
Verizon and Wounded Warrior Project® are partnering to support at least 1,000 veterans with upskilling between Veterans Day 2024 and Veterans Day 2025.The partnership leverages Verizon's free Skill Forward program, a university backed, self-paced education opportunity available for any US resident over 17.Verizon is committed to providing exclusive offers to active military, veterans and their families. Customers can take advantage of Mobile deals, discounts and savings with myPlan starting at just $25/month with 4 lines on Welcome Unlimited, plus 12% off all mobile perks. Customers can also save on Fios Home Internet starting at just $45/month, which can be bundled with the Mobile + Home Di
Verizon's All-Cash Offer of $38.50 per Share Provides Highly Attractive Value to Frontier Stockholders Frontier's Board of Directors Strongly Recommends Stockholders Vote "FOR" the Proposed Acquisition by Verizon Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today posted on its investor relations website and filed with the Securities and Exchange Commission an investor presentation detailing the significant value the proposed acquisition by Verizon Communications Inc. ((NYSE, NASDAQ:VZ) ("Verizon") creates for Frontier stockholders. The investor presentation is available on Frontier's Investor Relations website. Highlights from the presentation include: Verizon's best
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)
SC 13G/A - VERIZON COMMUNICATIONS INC (0000732712) (Subject)