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 |
|---|---|---|---|
| 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 |
| 10/25/2023 | $37.00 → $38.00 | Equal Weight → Overweight | Barclays |
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)
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UFC®, the world's premier mixed martial arts organization, and Total Wireless, a fast-growing, no-contract wireless provider covered by the Verizon 5G network, today announced a new marketing partnership that will showcase Total Wireless within a selection of UFC's biggest events in 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250115622046/en/UFC and Total Wireless - OFFICIAL WIRELESS PROVIDER OF UFC (Graphic: Business Wire) Under the new agreement, Total Wireless will become the Official Wireless Provider of UFC in the United States and will strategically activate its brand within all UFC Pay Per Views and Fight Nights
Strategic collaboration combines Honeywell's industry-leading hardware, software and services with Verizon's high-speed 5G connectivity Innovative new managed service offering will help simplify the procurement cycle, reduce upfront investments and future-proof operations for customersCHARLOTTE, N.C., Jan. 13, 2025 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced that it is joining forces with Verizon to bring a seamless technology experience to retail and logistics companies through the launch of a transformative bundled offering. Combining Honeywell's leading hardware, software and services with Verizon's high-speed 5G connectivity will enable businesses to streamline the Retail life
NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The Verizon Foundation is stepping up to support communities devastated by the Southern California fires and windstorms with a total of $1 million in donations. The contributions aim to provide much-needed aid and resources to support firefighters and the community. The donations include $500K to the American Red Cross and $500K to the Los Angeles Fire Department Foundation (LAFD). The American Red Cross donation will support emergency relief efforts in the LA area. The LA Fire Department Foundation donation will help cover the costs of essential tools and safety equipment for LAFD firefighters, including hydration backpacks, wildland brush too
NEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Verizon has been recognized as a Leader in the first-ever Gartner Magic Quadrant for 4G and 5G Private Mobile Network Services, the only U.S.-based mobile carrier to be placed in the Leaders Quadrant. Leaders are recognized for a combined assessment of Ability to Execute and Completeness of Vision related to their activity in the private mobile network services market. "Verizon has worked tirelessly to serve and advance the market for private wireless networks, and I feel this recognition from Gartner, together with the market response from our customers, is incredibly rewarding," said Jennifer Artley, SVP of 5G Acceleration, Verizon Business. "
Call/Text/Data usage incurred by customers in California's hardest hit counties will be waived from Jan. 9- Jan. 18 What you need to know: Verizon is waiving domestic call/text/data usage incurred Jan. 9 - Jan. 18 for prepaid and postpaid consumer and small business customers* in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura countiesFor prepaid customers in the same counties using Straight Talk, Tracfone, Total Wireless, Simple Mobile, Walmart Family Mobile, Net10, GoSmart, and Page Plus, Verizon is extending service end dates to January 18, 2025 IRVINE, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- In response to the devastating windstorm and wildfires across South
Verizon is offering community resources and stands ready to deploy mission-critical communications assets to keep Southern California communities connected amid the wildfires Also waiving call/text/data charges for customers in hardest hit areas IRVINE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- The powerful windstorm in Southern California has sparked multiple fires, including the Palisades, Eaton, Hurst, and Woodley fires. In response, Verizon remains committed to maintaining the safety and connectivity of communities, businesses, and first responders in these areas and throughout Southern California. To support these communities, Verizon will be offering customers in the hardest hit ar
BASKING RIDGE, N.J., Jan. 07, 2025 (GLOBE NEWSWIRE) -- When customers choose Verizon—they're not just choosing a network, but a future-ready partner. In anticipation of the evolving landscape of mobile consumption, where video calls are replacing traditional voice calls, streaming dominates entertainment, gaming has moved to the cloud, and factories are running their operations on 5G private networks, Verizon engineers are pushing the boundaries of mobile technology. Using carrier aggregation and Verizon's 5G virtualized technology, engineers recently achieved 5.5 Gbps download speeds. That's the equivalent of downloading 266 Taylor Swift albums a minute or streaming 3,056 Hulu episodes pe
WASHINGTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The U.S. Air Force (USAF) has selected Verizon Business to install 5G and/or 4G LTE network enhancements on 35 Air Force installations located throughout the United States. Through the Air Force's Offer to Lease (OTL) program, Verizon Business will deliver network enhancements like C-Band carrier adds, new macro builds, and small cells. Verizon's network solutions will bring higher speeds, increased bandwidth and lower latency for base personnel and the surrounding community, contributing to the diverse missions at each base while also enhancing the quality of life for personnel and military families. "This is Verizon's 7th OTL win out o
NEW YORK, Jan. 03, 2025 (GLOBE NEWSWIRE) -- In a first-of-its-kind event, Verizon is transforming stadiums and venues across all 30 NFL markets into a nationwide FanFest unlike any other. Fans will enjoy free celebrations on Super Bowl LIX Sunday with food and beverages from locally-owned small businesses, meet and greets with local football heroes, live local music acts, interactive games and unique football fan experiences – and in select cities, experiencing Super Bowl LIX activities on the field. Verizon customers can bring a select number of guests to FanFest to share the afternoon of celebrations with family and friends. Key highlights of the Verizon Super Bowl FanFest inclu
NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) will report fourth-quarter 2024 earnings on Friday, January 24, 2025. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Fourth-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon's Investor Relations website, https://www.verizon.com/about/investors. These materials will include: Detailed information on Verizon's fourth-quarter and full year results, including a recording and transcript of management's commentary;Verizon's earnings news release; andFinancial tables. Verizon Communications Inc. ((NYSE, NASDAQ:VZ) powers and empowers how its millions o
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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
Barclays upgraded Verizon from Equal Weight to Overweight and set a new price target of $38.00 from $37.00 previously
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
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
WASHINGTON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Today, Verizon, along with a consortium of industry carriers, vendors and developers, was awarded a grant from the National Telecommunications and Information Administration (NTIA) to drive testing and evaluation of O-RAN compliant wireless infrastructure. The work of this consortium will focus on refining and driving standards, equipment and interoperability to accelerate O-RAN across the globe, especially as it relates to multi-vendor performance. The award of $42.3 million is made under the Public Wireless Supply Chain Innovation Fund created by Congress. "We applaud the NTIA, Congress, and our industry partners who have recognized the need