Verizon Communications (NYSE:VZ) Trading Up 1.1% – Time to Buy?

Verizon Communications Inc. (NYSE:VZ) rose 1.1% during mid-day trading on Monday . The company traded as high as $47.02 and last traded at $46.8770. Approximately 24,477,528 shares were traded during trading, a decline of 17% from the average daily volume of 29,364,691 shares. The stock had previously closed at $46.37.

More Verizon Communications News

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

• Positive Sentiment: Analysts highlighted turnaround momentum from Verizon’s latest earnings call, reinforcing the view that the company is stabilizing its core business and improving execution. Verizon Earnings Call Highlights Turnaround Momentum
• Positive Sentiment: Verizon was cited for solid consumer-segment traction, including postpaid phone-user gains for the first time since 2013, along with broadband growth that could help support future revenue and subscriber trends. VZ Gains From Solid Traction in the Consumer Segment: Will it Sustain?
• Positive Sentiment: Verizon’s participation in satellite-based mobile coverage initiatives and related industry commentary may be viewed as a long-term growth opportunity, especially if it helps extend coverage and improve competitive positioning. Verizon champions the innovators of tomorrow, names winner of Verizon Frontline App Developer Challenge
• Neutral Sentiment: Verizon announced the winner of its Frontline App Developer Challenge, a public-safety innovation program that supports its brand and enterprise relationships but is unlikely to be a major near-term earnings driver. Verizon champions the innovators of tomorrow, names winner of Verizon Frontline App Developer Challenge
• Neutral Sentiment: Verizon said it will redeem certain debt securities on June 20, 2026; this is a routine balance-sheet action that may modestly affect leverage and interest expense, but it is not likely to move the stock on its own. Verizon to redeem debt securities on June 20, 2026
• Neutral Sentiment: Recent Verizon reports on AI-driven cyber risk and the annual DBIR underscore the company’s security expertise, but these items are mainly informational rather than direct stock catalysts. AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says

Wall Street Analyst Weigh In

VZ has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Oppenheimer lifted their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. Wells Fargo & Company lifted their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Verizon Communications Trading Up 0.1%

The stock has a market capitalization of $199.57 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.98 and a beta of 0.24. The firm’s 50 day moving average price is $48.31 and its 200 day moving average price is $44.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Transactions at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the transaction, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VZ. Norges Bank bought a new position in Verizon Communications during the fourth quarter valued at approximately $2,357,158,000. Bank of America Corp DE lifted its position in Verizon Communications by 15.4% during the first quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after purchasing an additional 8,289,877 shares during the period. Bank of New York Mellon Corp lifted its position in Verizon Communications by 31.2% during the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock valued at $1,286,423,000 after purchasing an additional 7,509,055 shares during the period. State Street Corp lifted its position in Verizon Communications by 3.5% during the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock valued at $9,080,810,000 after purchasing an additional 7,461,335 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Verizon Communications by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock valued at $4,747,930,000 after purchasing an additional 5,851,715 shares during the period. Institutional investors own 62.06% of the company’s stock.

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.