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 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 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. Verizon agreed to acquire Frontier Communications in September 2024.
Employees: 105,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 140
4% more capital invested
Capital invested by funds: $114B [Q2] → $119B (+$5.08B) [Q3]
2% more call options, than puts
Call options by funds: $2.1B | Put options by funds: $2.06B
0% more funds holding
Funds holding: 2,842 [Q2] → 2,856 (+14) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 1,219 | Existing positions reduced: 1,217
0% more funds holding in top 10
Funds holding in top 10: 54 [Q2] → 54 (+0) [Q3]
2.42% less ownership
Funds ownership: 65.29% [Q2] → 62.88% (-2.42%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
UBS John Hodulik 67% 1-year accuracy 10 / 15 met price target | 15%upside $45 | Neutral Maintained | 20 Dec 2024 |
Scotiabank Maher Yaghi 55% 1-year accuracy 6 / 11 met price target | 20%upside $47 | Sector Perform Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 79 articles about VZ published over the past 30 days
