VZ stock icon

Verizon
VZ

$42.03
1.42%

Market Cap: 177B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 84 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

23% more call options, than puts

Call options by funds: $2.03B | Put options by funds: $1.66B

15% more funds holding in top 10

Funds holding in top 10: 53 [Q4 2023] → 61 (+8) [Q1 2024]

10% more capital invested

Capital invested by funds: $98.4B [Q4 2023] → $108B (+$10B) [Q1 2024]

6% more first-time investments, than exits

New positions opened: 199 | Existing positions closed: 188

2% more repeat investments, than reductions

Existing positions increased: 1,203 | Existing positions reduced: 1,177

0% more funds holding

Funds holding: 2,759 [Q4 2023] → 2,770 (+11) [Q1 2024]

0.51% less ownership

Funds ownership: 62.0% [Q4 2023] → 61.49% (-0.51%) [Q1 2024]

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$36
14%
downside
Avg. target
$45
6%
upside
High target
$52
24%
upside

17 analyst ratings

positive
53%
neutral
47%
negative
0%
Scotiabank
Maher Yaghi
11%upside
$46.5
Sector Perform
Maintained
10 Jul 2024
Tigress Financial
Ivan Feinseth
24%upside
$52
Buy
Maintained
17 May 2024
Wells Fargo
Eric Luebchow
5%downside
$40
Equal-Weight
Maintained
23 Apr 2024
Oppenheimer
Timothy Horan
14%upside
$48
Outperform
Maintained
23 Apr 2024
Oppenheimer
Timothy Horan
14%upside
$48
Outperform
Maintained
3 Apr 2024

Financial journalist opinion

Based on 84 articles about VZ published over the past 30 days