VZ - Verizon Communications Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
59.13
+0.86 (+1.47%)
As of 2:51PM EST. Market open.
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Previous Close58.27
Open58.77
Bid59.11 x 900
Ask59.12 x 800
Day's Range58.63 - 59.40
52 Week Range46.09 - 61.58
Volume10,006,711
Avg. Volume17,780,498
Market Cap244.318B
Beta (3Y Monthly)0.26
PE Ratio (TTM)7.56
EPS (TTM)7.82
Earnings DateJan 22, 2019
Forward Dividend & Yield2.41 (4.18%)
Ex-Dividend Date2018-10-09
1y Target Est58.70
Trade prices are not sourced from all markets
  • Huawei, Google and the tiring politics of tech
    TechCrunch4 hours ago

    Huawei, Google and the tiring politics of tech

    Who owns the telecommunications infrastructure that powers our mobile devices? Today, we see these intersecting arcs with two prominent tech leaders mired in legal and political processes. TechCrunch is experimenting with new content forms.

  • What Are AT&T’s Capex Plans for 2019?
    Market Realist31 minutes ago

    What Are AT&T’s Capex Plans for 2019?

    AT&T (T) has been investing heavily in capex to improve its network. The telecommunications company spent $5.9 billion on capex in the third quarter compared to $5.3 billion in the third quarter of 2017. For 2018, AT&T expects net capex of $22 billion.

  • TheStreet.com34 minutes ago

    Stock Selloff Worsens as Trump, Democratic Leaders Fight Over Border Security

    The Dow Jones Industrial Average was falling after Donald Trump and top Democratic leaders clashed over border security. tumbled 27.7% on Tuesday after its client growth disappointed Wall Street. jumped 11.3% after the shoe retailer posted fiscal third-quarter earnings that topped forecasts and the company lifted full-year guidance.

  • Market Realist1 hour ago

    Why Citi Upgraded AT&T to ‘Buy’

    Can AT&T turn its fortunes around? AT&T (T) has struggled this year. All in all, AT&T disappointed investors with its below-par earnings. The stock fell 8% on the day of its third-quarter earnings announcement.

  • TheStreet.com2 hours ago

    Verizon to Take Massive Charges From Employee Buyouts, Weakness at Oath

    Verizon identified its media business, which was branded "Oath," as a struggling segment in the Securities and Exchange Commission filing. "In connection with Verizon's annual budget process in the fourth quarter, the new leadership at both Oath and Verizon completed a comprehensive five-year strategic planning review of Oath's business prospects resulting in unfavorable adjustments to Oath's financial projections.

  • Barrons.com2 hours ago

    Verizon All But Gives Up on Media to Focus on Its Network

    Verizon is writing down the value of Oath, its business composed of the one-time Yahoo and AOL assets. The move is one more way for Verizon to double down on its wireless network.

  • Reuters2 hours ago

    Verizon takes billions in charges for Oath, voluntary buyouts

    Verizon bought Yahoo for $4.48 billion in 2017 and AOL for $4.4 billion in 2015. In the third quarter, Oath's revenue fell 7 percent to $1.8 billion, putting it far off from its goal of $10 billion in revenue by 2020, which Verizon said it did not expect Oath to achieve. Verizon said in September that Tim Armstrong, Oath chief executive and architect of the group, would step down and appointed Guru Gowrappan as his replacement.

  • A Closer Look at AT&T’s Outlook for 2019
    Market Realist2 hours ago

    A Closer Look at AT&T’s Outlook for 2019

    Last month, AT&T (T) released some initial guidance numbers for 2019. The company expects its adjusted EPS to rise in the low single digits in 2019. It expects to generate $26 billion in free cash flow next year. AT&T’s management has stated that the company’s discretionary cash flow after dividends will be used to pay down its huge debt balance.

  • Verizon takes billions in charges for Oath, voluntary buyouts
    Reuters2 hours ago

    Verizon takes billions in charges for Oath, voluntary buyouts

    Verizon bought Yahoo for $4.48 billion in 2017 and AOL for $4.4 billion in 2015. In the third quarter, Oath's revenue fell 7 percent to $1.8 billion, putting it far off from its goal of $10 billion in revenue by 2020, which Verizon said it did not expect Oath to achieve. Verizon said in September that Tim Armstrong, Oath chief executive and architect of the group, would step down and appointed Guru Gowrappan as his replacement.

  • MarketWatch5 hours ago

    AT&T stock gains after Citi upgrade

    Shares of AT&T Inc. are up 2.2% in Tuesday morning trading after Citi analyst Michael Rollins upgraded the stock, citing various positive trends around its wireless business. Rollins said that financials for wireless companies have been improving lately and he expects that the company will be able to take advantage of a "measured promotional environment" in the wireless industry. "The greater migration from prepaid to postpaid within the category has provided breathing room for the competitive landscape to absorb new cable entrants," he wrote. Rollins recently met with AT&T's management and said that the company was "optimistic on the levers it can pull to manage costs and improve free-cash flow." Rollins said that AT&T shares look attractive following a recent underperformance. The stock is down 21% so far this year, while the S&P is little changed. Shares of Verizon Communications Inc. , T-Mobile US Inc. and Sprint Corp. are all in positive territory for the year.

  • The Wall Street Journal5 hours ago

    [$$] Verizon Takes $4.5 Billion Charge Related to Digital Media Business

    Verizon said in a securities filing Tuesday it expects to record an after-tax noncash impairment of about $4.5 billion against Oath’s goodwill, canceling out the majority of the current goodwill balance. Verizon spent more than $9 billion to create the Oath business by acquiring AOL in 2015 and then Yahoo in 2017, two web pioneers that were struggling to grow. “These pressures are expected to continue and have resulted in a loss of market positioning to our competitors in the digital advertising business,” Verizon said in the filing.

  • Samsung’s Many Ways to Make Money in the 5G Era
    Market Realist6 hours ago

    Samsung’s Many Ways to Make Money in the 5G Era

    Samsung (SSNLF) recently won direct 5G smartphone orders from Verizon (VZ) and AT&T (T). The operators say their Samsung-built 5G smartphones will arrive in the first half of 2019. Verizon and AT&T are not alone in placing direct orders with manufacturers for phones that can work with 5G networks they are building.

  • What Sprint’s Moving Averages Suggest
    Market Realist6 hours ago

    What Sprint’s Moving Averages Suggest

    Let’s now compare Sprint’s (S) technicals with those of telecom peers. Recently, Sprint stock fell below its short-term (20-day) moving average, a bearish sign. On December 4, Sprint stock closed at $6.16, 0.8% below its 20-day moving average of $6.21, 1.6% below its 50-day moving average of $6.26, and 0.7% above its 100-day moving average of $6.12. In comparison, Verizon (VZ) and T-Mobile (TMUS) were trading 5.6% and 0.3% above their 100-day moving averages, respectively, while AT&T (T) was trading 3.8% below its average. Relative strength index

  • CNBC6 hours ago

    Verizon takes a $4.6 billion charge on Yahoo and AOL as they fail to meet expectations

    Verizon says the media segment is less valuable than previously thought, and has adjusted financial projections as a result. The company's Oath unit is the result of a merger between Yahoo and AOL under the Verizon brand. Shares of Verizon slipped just into the red during premarket trading Tuesday, amid an overall market rebound.

  • Zacks7 hours ago

    Can Wireless Service Providers Sustain Bull Run in 2019?

    With the U.S. wireless telecom industry continuously evolving, the companies in the league are fighting it out to stay abreast of competition.

  • MarketWatch6 hours ago

    Verizon says voluntary layoffs, Oath impairment to hit fourth-quarter results

    Verizon Communications Inc. said Tuesday that it expected its fourth-quarter results to be impacted by a "voluntary separation" program that will result in 10,400 employees leaving the company, as well as an impairment charge related to the company's Oath digital-advertising business. The company expects a severance charge of $1.8 billion to $2.1 billion in the fourth quarter, according to a Tuesday filing with the Securities and Exchange Commission. Verizon also said that it expected to record a goodwill impairment charge of about $4.6 billion related to the Oath unit, following a review of Oath's business prospects that led to "unfavorable adjustments to Oath's financial projections." Shares are off 0.2% in premarket trading, though they're up 10% so far this year. The Dow Jones Industrial Average has dropped 1.2% in that time.

  • Analysts’ Views on Sprint Stock
    Market Realist7 hours ago

    Analysts’ Views on Sprint Stock

    Of the 22 Reuters-surveyed analysts tracking Sprint (S) stock on December 4, 14 (~63%) recommended “hold,” five recommended “sell,” and three recommended “buy.” Their median target price of $6 for the stock implies a 2.6% downside over the next 12 months from its current price of $6.16.

  • How Apple Is Extending Apple Music’s Reach
    Market Realist7 hours ago

    How Apple Is Extending Apple Music’s Reach

    Apple (AAPL) has struck a deal to make its Apple Music service available on Amazon’s (AMZN) Echo smart speakers. Apple Music is expected to arrive on the Echo device on December 17.

  • Financial Times13 hours ago

    [$$] Verizon: broken oath

    Financial reporting requires accountants to give credit for merger benefits long before they materialise. Last year the US telecoms company completed its $4.7bn acquisition of Yahoo, a venerable web services group. The acquirer already owned another dotcom flame-out — AOL — which it bought for $4.1bn in 2015.

  • Financial Times17 hours ago

    [$$] Verizon to take $4.6bn writedown on Oath unit

    will take a hit of as much as $6.7bn to its fourth-quarter earnings as a result of a large writedown in the value of its ailing Oath media business and costs related to its mass voluntary redundancy programme. The country’s second-largest telecoms group said Oath, the media business formed from the merger of Verizon’s AOL division and the Yahoo operations it acquired in 2017, has suffered a sharp deterioration in sales and earnings this year.

  • The Wall Street Journal19 hours ago

    [$$] Verizon to Shed More Than 10,000 Workers in Voluntary Separation Program

    Verizon Communications Inc. will shed about 10,400 workers who have accepted a severance package as the largest U.S. wireless carrier by subscribers works to cut $10 billion in costs and upgrade to a faster 5G network. Chief Executive Hans Vestberg said in a memo to employees Monday that the number of employees who were granted the packages represented more than 90% of the staff who volunteered. “While there were no specific targets in place, the objective was to accept as many eligible volunteers as possible,” he wrote in the memo seen by The Wall Street Journal.

  • Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know
    Zacks21 hours ago

    Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know

    Verizon Communications (VZ) closed the most recent trading day at $58.27, moving +1.02% from the previous trading session.

  • TheStreet.com22 hours ago

    Monday Madness: Apple's Looking Pretty Bruised

    Apple is Real Money's stock of the day. Curran wrote that the bad news from Beijing is distracting investors from litigation issues Apple is facing on U.S. soil. Apple v. Pepper began with a filing by Robert Pepper and three other iPhone users in 2011.