Verizon Communications (NYSE:VZ) Price Target Raised to $56.00

Verizon Communications (NYSE:VZ) had its price objective raised by TD Cowen from $54.00 to $56.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the cell phone carrier’s stock.

VZ has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Barclays upped their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Scotiabank raised their target price on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.84.

Verizon Communications Stock Down 2.0%

VZ stock opened at $47.21 on Monday. The company has a 50 day moving average price of $45.39 and a two-hundred day moving average price of $46.40. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market capitalization of $197.11 billion, a P/E ratio of 12.29, a PEG ratio of 1.34 and a beta of 0.26. Verizon Communications has a one year low of $38.39 and a one year high of $51.68.

Verizon Communications (NYSE:VZ) last released its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Verizon Communications’s revenue was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, sell-side analysts expect that Verizon Communications will post 5.03 EPS for the current year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.7075 per share. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. Verizon Communications’s dividend payout ratio (DPR) is currently 73.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VZ. RKL Wealth Management LLC grew its stake in Verizon Communications by 4.3% during the 1st quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier’s stock valued at $268,000 after purchasing an additional 218 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of Verizon Communications by 8.6% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock valued at $113,000 after purchasing an additional 219 shares in the last quarter. Frazier Financial Advisors LLC raised its position in shares of Verizon Communications by 32.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock valued at $45,000 after purchasing an additional 219 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of Verizon Communications by 1.2% during the 1st quarter. FAS Wealth Partners Inc. now owns 18,421 shares of the cell phone carrier’s stock valued at $925,000 after buying an additional 223 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Verizon Communications by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock valued at $1,426,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications News Roundup

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Verizon’s second-quarter results showed adjusted earnings of $1.30 per share, ahead of the $1.27 consensus, while profit increased year over year. The stock also remains inexpensive relative to communications peers, trading at a low forward earnings multiple and offering a dividend yield above 6%. Verizon After Earnings: Cheap Stock or Value Trap?
• Positive Sentiment: Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber, intended to fund Ripple Fiber’s acquisition and accelerate Verizon’s fiber broadband expansion across the United States. The investment could support Verizon’s fixed-wireless and fiber growth without representing a direct funding burden for Verizon. Bain Capital and Tillman Global Holdings Announce $1.5 Billion Investment in Eaton Fiber
• Positive Sentiment: Analysts raised several price targets, including TD Cowen’s increase to $56 and Morgan Stanley’s increase to $52. Recent commentary also points to improved subscriber growth, lower churn, bundling gains, and potential future revenue from AI infrastructure and data-center connectivity.
• Neutral Sentiment: Verizon’s earnings beat was tempered by revenue of $34.25 billion, below the $35.16 billion consensus, with revenue down year over year. Analysts remain divided over whether the stock’s discount reflects attractive value or persistent growth concerns. With a 6% Yield, Is Verizon Stock a Buy as Turnaround Continues?
• Negative Sentiment: The immediate pressure came from reports that SpaceX is exploring urban-grade wireless spectrum through acquisitions or a potential federal auction bid. Investors fear a direct satellite-to-mobile competitor could challenge Verizon’s pricing power, customer retention, and market share, weighing on major U.S. wireless carriers. AT&T and Verizon Tumble as Musk’s SpaceX Plots Direct Mobile Threat

Verizon Communications Company Profile

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.