Verizon
About: Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
Employees: 105,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $1.68B | Put options by funds: $1.39B
11% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 158
1% more repeat investments, than reductions
Existing positions increased: 1,217 | Existing positions reduced: 1,203
1% more funds holding
Funds holding: 2,806 [Q1] → 2,823 (+17) [Q2]
0.71% less ownership
Funds ownership: 63.4% [Q1] → 62.68% (-0.71%) [Q2]
2% less capital invested
Capital invested by funds: $112B [Q1] → $110B (-$2.25B) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 61 [Q1] → 54 (-7) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Scotiabank Maher Yaghi 100% 1-year accuracy 9 / 9 met price target | 12%upside $47 | Sector Perform Maintained | 18 Oct 2024 |
Tigress Financial Ivan Feinseth 78% 1-year accuracy 52 / 67 met price target | 31%upside $55 | Buy Maintained | 1 Oct 2024 |
B of A Securities David Barden 50% 1-year accuracy 3 / 6 met price target | 7%upside $45 | Neutral Maintained | 26 Sept 2024 |
Citigroup Michael Rollins 74% 1-year accuracy 17 / 23 met price target | 17%upside $49 | Buy Maintained | 25 Sept 2024 |
Raymond James Frank Louthan 82% 1-year accuracy 9 / 11 met price target | 14%upside $48 | Outperform Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 94 articles about VZ published over the past 30 days
