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Verizon Communications Inc. (VZ)

NYSE - NYSE Delayed price. Currency in USD
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57.38-0.43 (-0.74%)
At close: 4:00PM EDT

57.38 0.00 (0.00%)
After hours: 4:26PM EDT

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Trade prices are not sourced from all markets
Previous close57.81
Open57.70
Bid57.35 x 3100
Ask57.36 x 900
Day's range57.31 - 57.85
52-week range48.84 - 62.22
Volume10,695,491
Avg. volume13,692,060
Market cap237.441B
Beta (5Y monthly)0.41
PE ratio (TTM)12.98
EPS (TTM)4.42
Earnings date21 Oct 2020
Forward dividend & yield2.51 (4.34%)
Ex-dividend date08 Oct 2020
1y target est61.26
  • Here's why T-Mobile is getting into the TV business
    Editor's pick
    Yahoo Finance

    Here's why T-Mobile is getting into the TV business

    T-Mobile CEO Mike Sievert discusses his plans to enter the streaming TV space with Yahoo Finance.

  • Verizon customers get more 5G value with TCL 10 5G UW for only $399
    GlobeNewswire

    Verizon customers get more 5G value with TCL 10 5G UW for only $399

    BASKING RIDGE, N.J., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Verizon’s 5G Ultra Wideband has expanded into parts of 55 cities, just in time for the TCL 10 5G UW, a new TCL Mobile phone that makes it easier to see blazing-fast speeds and the transformational experience that comes from 5G Ultra Wideband -- all at our most affordable price yet! Here are the five most important things to know about the TCL 10 5G UW: 1 TCL 10 5G UW has incredible value! Verizon today confirmed the availability of the TCL 10 5G UW, a stylish phone that offers performance and power without breaking the bank. It debuts October 29 with a wallet-friendly price of $399.99. Fast, beautiful and affordable, the phone blazes a new trail towards 5G access. 2 It’s 5G Ultra Wideband and 5G Nationwide capable. Say hello to the first TCL phone that can get download speeds up to 25X faster than 4G LTE with 5G Ultra Wideband1, opening up new possibilities for movies that download in seconds and content delivery with ultra-low lag2. TCL 10 5G UW also supports Verizon 5G Nationwide using advanced technology that lets low-band connections run simultaneously with 4G LTE3. 5G Nationwide covers more than 200 million customers in over 1,800 cities. 3 Viewers will love this display TCL’s NXTVISION technology boosts the 6.5-inch Full HD+ display to give photos and video extra sharpness. It also enhances clarity and contrast so scenes have rich and deep colors. Watch HDR10 video for better entertainment or turn on the special Reading color mode to get the best out of this incredible view. 4 - TCL 10 5G UW has power to spare Leaving in 30 minutes? Plug-in the TCL 10 5G UW and Qualcomm Quick Charge will take the battery from near zero to 50% in half an hour4. A fully-charged 4,500 mAh battery will make it through the day, and there's even an On-The-Go Reverse Charging feature that can share power with another device. 5 Verizon promotions make it even more affordable Upgrading to a premium-quality phone at a low price is sweet, but we can make the process even sweeter with limited-time promotions. Open a new line on select Verizon Unlimited plans and trade-in an eligible phone to get up to $360 in credits5. Existing customers can also sign-up for a Do More, Play More, or Get More Unlimited plan and get up to $250 with trade-in6. Visit Verizon.com or the My Verizon app to learn more about TCL 10 5G UW.1 5G Ultra Wideband available only in parts of select cities. 25x faster speeds claim based on analysis by Ookla® of SpeedtestIntelligence® data median download speeds from Verizon 5G results compared to the median 4G LTE speeds of top U.S. carriers combined in Q1 and Q2 2020. 2 Movie download speeds may vary depending upon network and coverage conditions, and content optimization for 5G Ultra Wideband. 3 5G Nationwide requires device be inside Verizon 5G Nationwide coverage area. 4 Battery data based on results from TCL Lab tests with compatible charger. 5 $399.99 device payment purchase with new smartphone line on select Unlimited plan required. Less $360 trade-in/promo credit applied over 24 months; promo credit ends if eligibility requirements are no longer met; 0% APR. Trade-in conditions apply. 6 $399.99 device payment purchase with select Unlimited plan required. Less $250 trade-in/promo credit applied over 24 months; promo credit ends if eligibility requirements are no longer met; 0% APR. Trade-in conditions apply.Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at https://www.verizon.com/about/media-center. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.Media contact: Andrew Kameka andrew.kameka@verizon.comGeorge Koroneos george.koroneos@verizon.com

  • Big Tech’s Digital-Ad Comeback Is Yesterday's News
    Bloomberg

    Big Tech’s Digital-Ad Comeback Is Yesterday's News

    (Bloomberg Opinion) -- Earlier this year, as the pandemic wreaked havoc on the economy, Facebook Inc., Alphabet Inc.’s Google and other big players in digital-advertising were bracing for a prolonged slump in the industry. It’s clear now that many of their worst fears haven’t come to pass. Marketers began spending again after governments relaxed lockdown orders and economies stabilized. But with elevated valuations already baking in expectations for a rebound and a surge in Covid-19 cases now threatening to stunt the recovery, investors might want to take a moment to stop and assess. We will get a clearer picture of the online ad market’s condition later this week when Facebook, Alphabet and Twitter Inc. report results after the close of trading on Thursday. But let’s look at what we’ve learned so far from other companies this earnings season.Anecdotal evidence from earnings calls points to an improved economic environment, at least until lately. Verizon Communications Inc. CEO Hans Vestberg said last week he saw high levels of business activity among the wireless carrier’s large corporate customers. In addition, two major semiconductor suppliers — Texas Instruments Inc. and Xilinx Inc. — cited stronger-than-expected demand from the auto sector in their calls with investors. This all bodes well for ad spending, assuming the brighter outlook is sustained. Snap Inc.’s blockbuster earnings last week provided perhaps the strongest evidence of a rebound. The social media company beat the consensus sales estimate for its September quarter by more than 20%, with management saying many of the headwinds they expected didn’t materialize. Corporate advertisers surprisingly resumed brand-oriented marketing initiatives, a very positive sign. But Snap’s impressive performance also reflects the success of unique advertising products that have helped set it apart from its peers. These include new ad formats that can directly lead users to online sales and app downloads, as well as augmented-reality offerings that enable users to virtually try out products inside the Snapchat app. Larger rivals haven’t been able to match this type of innovation and likely won’t turn in the same kind of outperformance, even if they exceed expectations. Out of Big Tech, Facebook has done the best in expanding its offerings into the right areas. Recently, the social media giant has been aggressively moving into the e-commerce space. In May, the company signed a partnership with Shopify Inc. to expand its Facebook Shops initiative, enabling small businesses to easily create online stores on both Facebook and Instagram. Last week, it also announced plans to charge for new commerce-related services for businesses inside WhatsApp. This is a big deal because it represents Facebook’s first concrete step to monetize this messaging platform, which has more than two billion users. With consumer shopping behavior permanently shifting online, these moves should pay off.Google and Twitter have been less innovative, and it may show in their results. A healthier advertising market will help Google’s search ad revenue and Twitter’s more brand-oriented ads, but the two companies haven’t offered anything dramatically new or different that could spur another leg higher on growth. In some ways, Google’s search dominance may have left it with fewer additional areas to conquer. And I’ve repeatedly written about Twitter’s lackluster track record in keeping up and matching the competition’s latest ad platform technologies and features. Despite Twitter’s stock recent rise, I have seen nothing to change that assessment.Where does this leave investors heading into earnings? The news may well be positive — the ad business does seem to have held up better than expected — but the industry’s higher valuations depend on continued business momentum. New Covid-19 outbreaks, unknowns surrounding the presidential election and a lack of fresh fiscal stimulus all cloud the view, not to mention a toughening regulatory landscape. Even with its strong results, Snap declined to give official fourth-quarter guidance, citing the uncertainty over the holiday season and the continuing pandemic. If business trends do worsen, it may be a larger issue for Google and Twitter. Facebook and Snap should be more insulated, with their latest services and tools allowing them to keep riding the tailwind of e-commerce. Either way, the big wins may be harder and harder to score.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.