Verizon is considered to be a low-beta stock, which means that its stock price doesn't move up or down very much when compared to the market in general. Lewis: Another encouraging sign here, they're one of the companies that continued to hike their dividend during the financial crisis. The dividend is what attracts a lot of people to Verizon.
Why did Verizon stock fall on Friday?
Shares of Verizon (NYSE: VZ) fell 5.8% on Friday after the wireless giant cut its full-year growth forecast. Verizon's revenue rose 2.1% year over year to $33.6 billion in the first quarter. This growth was driven in part by Verizon's acquisition of TracFone Wireless, a leading value-priced wireless services provider, in November.
Why is Verizon’s sales growth sluggish?
Sales growth remains sluggish and the company’s revenues grew just 4% from a year ago, missing estimates. Verizon (VZ) is stuck in a highly competitive wireless business where companies have to fight for subscribers and often have to resort to low prices to attract users.
What was the price of Verizon stock when it went public?
Verizon stock price (NYSE:VZ) was traded at an IPO price of $45.53. The initial euphoria, which drove Verizon stock price up to $48.39 by the end of the first day, subsided after a few weeks. By the end of July 2000, the stock was only worth $42.04.
Why did Philip Cusick downgrade Verizon’s stock?
J.P. Morgan analyst Philip Cusick downgraded Verizon’s stock VZ, -0.11% to neutral from overweight Wednesday, writing that he is “increasingly concerned about the subscriber growth outlook for postpaid phones in 2022 for Verizon and the industry overall,” given the evolving competitive landscape.
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Is it good to invest in Verizon stock?
VZ Dividend Is Safe Verizon stands out with its 5.6% dividend yield which is one of the largest among S&P 500 companies. The company last hiked the quarterly rate in Q3 2021 to the current $0.64 per share, the 15th consecutive annual increase.
Is Verizon stock undervalued?
Morningstar's analyst expects the company to deliver consistent results over time—and the stock is undervalued, too.
What is the prediction for Verizon stock?
Stock Price Forecast The 22 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 57.00, with a high estimate of 71.00 and a low estimate of 49.30. The median estimate represents a +11.11% increase from the last price of 51.30.
Will Verizon continue to grow?
So, is it a buy? For all its problems, Verizon is still growing, with first-quarter revenue up 2% to $33.6 billion. It also paid out $2.6 billion in dividends. The $0.64 per share payout currently yields 5.3% annually, which is on par with what AT&T pays after shedding Warner Media.
Is Verizon a Buy Sell or Hold?
For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Is Verizon a good stock to buy 2022?
The same holds for 2022 adjusted earnings per share in the range of $5.40 to $5.55. Verizon stock had returned 8.4% including dividends in 2022 through Thursday's close, versus a 7.4% loss for the S&P 500. The stock has an annual dividend yield of 4.7%.
Is Verizon a good company?
Verizon is recognized as one of the Top-Rated Workplaces.
How many times has Verizon stock split?
Verizon Communications (VZ) has 6 splits in our Verizon Communications stock split history database.
Is Apple a buy?
Apple is a Buy now, as the stock should command higher valuation multiples with an improvement in profitability over time driven by higher services revenue contribution.
Does Buffett own Verizon stock?
Berkshire held a stake of nearly 159 million shares of Verizon at year-end 2021, worth $8.3 billion. The stake had a cost basis of $9.4 billion, or about $59 a share.
Is Verizon having financial problems?
Verizon has a massive net debt load, which likely represents the company's biggest weakness. At the end of December 2021, Verizon had $7.4 billion in short-term debt and $143.4 billion in long-term debt that was marginally offset by $2.9 billion in cash and cash equivalents on hand at the end of this period.
Did Buffett sell Verizon?
Berkshire Hathaway bought stakes in Citigroup, Paramount Global, and Markel in the first quarter, while nearly eliminating an interest in Verizon Communications, according to a filing late Monday.
Is Verizon stock a Buy, Sell or Hold?
Verizon stock has received a consensus rating of hold. The average rating score is Baa1 and is based on 2 buy ratings, 11 hold ratings, and 1 sell...
What was the 52-week low for Verizon stock?
The low in the last 52 weeks of Verizon stock was 45.55. According to the current price, Verizon is 111.57% away from the 52-week low.
What was the 52-week high for Verizon stock?
The high in the last 52 weeks of Verizon stock was 57.53. According to the current price, Verizon is 88.34% away from the 52-week high.
What are analysts forecasts for Verizon stock?
The 14 analysts offering price forecasts for Verizon have a median target of 57.50, with a high estimate of 64.00 and a low estimate of 44.00. The...
Signals & Forecast
The Verizon Communications Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
Verizon Communications Inc finds support from accumulated volume at $53.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Verizon Communications Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Verizon Communications Inc stock to perform well in the short-term.
About Verizon Communications Inc
Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
5G Expansion Continues
Verizon continues with a firm dividend policy, raising it by 2% from US$0.6275 to US$0.64. This gives the current forward yield of 4.74%. The next dividend payout is on November 1st, with the ex-dividend date set for October 7th.
Examining the Intrinsic Value
We generally believe that a company's value is the present value of all cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
