About VerizonCopy link to section
What is Verizon?Copy link to section
Verizon is a technology and communication company providing services to the US and global markets. Headquartered in New Jersey, it is the largest wireless carrier in the United States, with nearly 1,500 retail locations across 150 countries.
Founded in 2000 as a joint venture between Bell Atlantic and Vodafone, Verizon became the sole owner after buying Vodafone’s 45% stake in 2014. Today, it generates over $100 billion in revenue and was the first company in the world to launch commercial 5G for mobile and computing.
How does Verizon make money?Copy link to section
Verizon makes money by selling its products and services to customers. Its business is split across three main segments: wireless, wireline, and corporate/other.
Its wireless segment is where money generated from mobile comes from. More specifically, pre-paid and contract plans, where customers pay for network services on a pay-as-you-go model or monthly contracts. Versions wireless segment also includes internet services such as 4G and 5G.
Verizon’s wireline segment includes voice and video communication products and services, while its corporate/other segment includes revenue from its media businesses, such as Yahoo, AOL, and HuffPost.
What is Verizon’s best selling service?Copy link to section
Verizon generates the most revenue from its wireless service. In the last quarter of 2022, it made $18.8 billion from its wireless division. Its wireless services include mobile data plans, both prepaid and contracts.
Who are the key executives at Verizon?Copy link to section
Hans Vestberg is Verizon’s current chairman and Chief Executive Officers. Here are a few more members of its executive team.
- Hans E. Vestberg. Chairman & CEO
- Matthew D. Ellis. Exec. VP & CFO
- Kyle Malady. Exec. VP & CEO of Verizon Bus. Group
- Mary-Lee Stillwell. VP of Accounting & External Reporting
- Joseph J. Russo. Exec. VP & Pres of Global Networks
- Vandana Venkatesh. Exec. VP & Chief Legal Officer
- James J. Gerace. Sr. VP & Chief Communications Officer
- Diego Scotti. Exec. VP & Chief Marketing Officer
- Samantha Hammock. Exec. VP & Chief HR Officer
Where can I buy shares in Verizon?Copy link to section
You can buy Verizon stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Verizon?Copy link to section
The simplest way to invest in Verizon is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
More about the VZ priceCopy link to section
What is the Verizon stock price today?Copy link to section
The VZ stock price today is currently $37.43 as of 21 March, 2023. The price of Verizon is down 8.88% in 2023. You can use the live Verizon stock chart to track the NYSE:VZ price in real time above, or compare the Verizon value today to its past performance using the Verizon financials tab at the top of this page.
What is the 52-week low for Verizon stock?Copy link to section
The 52-week low for Verizon stock is $34.55. VZ stock is currently 7.85% above the 52-week low.
What is the 52-week high for Verizon stock?Copy link to section
The 52-week high for Verizon stock is $55.51. VZ stock is currently 12.56% below the 52-week high.
What is the stock forecast for Verizon?Copy link to section
The average Verizon stock forecast has a price target of $43.39 by the end of 2023. Verizon’s latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.
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FAQsCopy link to section
Verizon’s market capitalisationbeen is $157.20 billion. This is calculated by multiplying the number of shares that have issued by the current VZ share price. Another way of measuring this is enterprise value, which includes Verizon’s debt obligations. Verizon’s enterprise value is $328.24 billion.
Verizon started trading on the stock market in 1983 via an initial public offering. The company was known as Bell Atlantic, and the IPO raised $3.2 billion, making it one of the largest IPOs in U.S. history at the time.
In July 2000, Verizon Communications Inc started trading on the New York Stock Exchange following a merger between Bell Atlantic and GTE.
The largest shareholder of Verizon stock is the Vanguard Group, which owns an 8.44% stake in the company. The second largest shareholder is BlackRock, with a 7.88% stake.
Verizon is a communications company with many competitors, such as T-Moibile. Here are a few of its biggest competitors.
- T-Mobile. T Mobile is a mobile communications company that Deutsche Telekom partly owns.
- AT&T. AT&T is one of the largest communications companies in the United States.
- Comcast. Comcast is a leading provider of home internet services
VZ has not had any stock splits. However, when the company was trading as Bell Atlantic, it had a total of 3 splits, which were all 2-for-1.
Verizon usually reports four times a year at the end of each quarter. It reports in March, June, September, and December.
Yes, Verizon is a dividend-paying company and has a current yield of 6.97%.
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