E Daily Stock Analysis: Verizon Communications (VZ)

Verizon Communications Inc. has the ticker symbol VZ and is a member of the Communication Services sector as a telecom services company. This is my second report on Verizon Communications Inc for my Vista Portfolio. My most recent past report was on January 29th.

Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). 

gray metal tower with accessories

Image Source: Unsplash

It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. 

Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). 

Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo provide the remainder of revenue.

The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. 

Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Three key data points gauge dividend equities or funds like Verizon Communications Inc. (VZ):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

VZ Price

Verizon Communications Inc.'s price per share closed at $56.60 yesterday. One year ago its price was $50.31. Price per share has increased 12.5% from the midst of the COVID market slump. 

If Verizon Communications Inc's stock trades in the range of $50 to $65 this year, its recent $56.60 price might rise by $3.40 to reach $60.00 by March 23, 2022. My estimate is just below that of ten analysts tracking VZ.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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