Verizon Communications (NYSE:VZ) Price Target Raised to $47.00

Verizon Communications (NYSE:VZ) had its price target hoisted by Royal Bank Of Canada from $46.00 to $47.00 in a report released on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the cell phone carrier’s stock.

VZ has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday. BNP Paribas Exane cut their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Barclays upped their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Verizon Communications in a research note 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 stock. Based on data from MarketBeat.com, Verizon Communications presently has a consensus rating of “Hold” and an average target price of $50.84.

Verizon Communications Trading Down 2.0%

Shares of VZ opened at $47.21 on Monday. 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 company has a market cap of $197.11 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.34 and a beta of 0.26. The stock has a fifty day moving average price of $45.39 and a two-hundred day moving average price of $46.40. Verizon Communications has a 52-week low of $38.39 and a 52-week high of $51.68.

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

Verizon Communications Dividend Announcement

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

Hedge Funds Weigh In On Verizon Communications

A number of large investors have recently made changes to their positions in the company. Guardian Partners Inc. bought a new stake in shares of Verizon Communications in the second quarter valued at approximately $131,000. Sharpepoint LLC grew its position in Verizon Communications by 757.1% during the second quarter. Sharpepoint LLC now owns 45,331 shares of the cell phone carrier’s stock worth $1,919,000 after buying an additional 40,042 shares in the last quarter. Hourglass Capital LLC increased its stake in Verizon Communications by 18.8% during the 2nd quarter. Hourglass Capital LLC now owns 140,778 shares of the cell phone carrier’s stock worth $5,961,000 after acquiring an additional 22,320 shares during the period. Saiph Capital LLC bought a new position in Verizon Communications during the 2nd quarter worth $640,000. Finally, Ethic Inc. raised its holdings in Verizon Communications by 7.6% in the 2nd quarter. Ethic Inc. now owns 606,443 shares of the cell phone carrier’s stock valued at $25,677,000 after acquiring an additional 42,971 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Trending Headlines about Verizon Communications

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

About Verizon Communications

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.