Verizon stock: buy or sell?

VZ stock price: $60.28 0.50% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

After topping to all time highs on Sep 12th, Verizon Communications inched 0.50% today to $60.28. Friday was the fourth climbing day in a row, gaining 1.30%.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

Should I buy Verizon stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Verizon stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean VZ will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Verizon Communications stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 5 ratings published for VZ stock in the last month.

The general sentiment of these ratings is bullish for VZ stock, with 3 positive ratings.
Is VZ a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-27OppenheimerMarket PerformOutperform
2019-7-8CitigroupBuyNeutral
2019-5-30UBS GroupBuyNeutral
2019-4-23Goldman Sachs Groupn/aBuy
2019-4-23Bank of American/aBuy

Verizon stock analysis

Daily outlook

Verizon inched 0.50% today to $60.28 after topping to all time highs on Sep 12th.

After reaching all time highs on September/12, Verizon Communications inched 0.50% to $60.28. On August 26th VZ price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on Sep/10, VZ price climbed $1.62 per share (2.76%). On September 12th, VZ hit a new all time high, pushing higher than on Sep 11th tops. Check different trading setups that use ATHs as triggers.

VZ stock chart (daily)

Weekly outlook

Verizon shares gained 0.53% this week, ending at $60.28. With this, it's been 4 climbing weeks in a row, soaring a 7.70%.

Not so far away is the last price record Verizon marked last week. Late August VZ price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early September when SMA10w and SMA20w crossed up, VZ price gained $2.12 per share (3.65%).

VZ stock chart (weekly)

Verizon stock price history

Verizon stock went public on November 21st, 1983 with a price of $0.311. Since then, VZ stock grew a 19,345.20%, with a yearly average of 552.70%. If you had invested right after VZ's IPO a $1,000 in Verizon stock in 1983, it would worth $193,452.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Verizon stock historical price chart

VZ stock reached all-time highs on September 12th with a price of $60.55.

Verizon stock price target is $62.20

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 4 price targets for Verizon stock posted in the last 30 days:
VZ stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-8CitigroupDowngradesn/a$62.00-
2019-5-30UBS GroupDowngradesn/a$57.70-
2019-4-23Goldman Sachs GroupSet Price Targetn/a$65.00-
2019-4-23Bank of AmericaSet Price Targetn/a$64.00-
(in average)$0.00$62.200.0%
The price forecast for Verizon stock is $62.20, moving in a range between $65.00 and $57.70. In average, analysts' outlook on VZ price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Verizon posted its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
VZ earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.59n/a
2017-Q32017-10-190.980.980.0%
2017-Q42018-01-230.880.86-2.3%
2018-Q12018-04-241.111.175.4%
2018-Q22018-07-241.141.25.3%
2018-Q32018-10-231.191.222.5%
2018-Q42019-01-291.091.122.8%
2019-Q12019-04-231.16n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a good growth of 3.83% to $130,863.00 million USD. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) plummed a -12.02% to 11.87%.

To have an up to date view of the financial situation of Verizon Communications, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Verizon Communications TTM sales up to March 2019 were $131,219.00 and earnings were $16,015.00 million dollars. When comparing this TTM figures with the last reported annuality, we can review Verizon business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, remained stable a neutral 0.27%. Regarding profit margin, Verizon Communications stayed constant 0.34% to 11.87%

VZ annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$120,550 M-$11,500 M9.5%-
2014$127,079 M5.42%$9,625 M7.6%-16.30%
2015$131,620 M3.57%$17,879 M13.6%85.76%
2016$125,980 M-4.29%$13,127 M10.4%-26.58%
2017$126,034 M0.04%$30,101 M23.9%129.31%
2018$130,863 M3.83%$15,528 M11.9%-48.41%
TTM $131,219 M0.27%$16,015 M12.2%3.14%

Quarterly financial results

Verizon Communications posted $32,128.00 M in sales for 2019-Q1, a -6.28% less compared to previous quarter. Reported quarter earnings marked $5,032.00 M with a profit margin of 15.66%. Profit margin rocketed a 10.01% compared to previous quarter when profit margin was 5.66%. When comparing revenues to same quarter last year, Verizon sales marked a slightly good gain and stepped up a 1.12%.
VZ quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$30,550 M-$4,360 M14.3%-
2017-Q3$31,720 M3.83%$3,620 M11.4%-16.97%
2017-Q4$33,955 M7.05%$18,669 M55.0%415.72%
2018-Q1$31,772 M-6.43%$4,545 M14.3%-75.65%
2018-Q2$32,203 M1.36%$4,120 M12.8%-9.35%
2018-Q3$32,607 M1.25%$4,924 M15.1%19.51%
2018-Q4$34,281 M5.13%$1,939 M5.7%-60.62%
2019-Q1$32,128 M-6.28%$5,032 M15.7%159.52%

Verizon ownership

When you are planning to invest in a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Verizon Communications, 0.03% of all outstanding shares are owned by its staff.

In case of Verizon stock, 68.11% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for VZ stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

VZAAPLGOOGLSHENSPOK
Market cap$249.6 B$998.7 B$371.0 B$1.6 B$230.6 M
Total shares4,140.0 M4,520.0 M299.5 M49.9 M19.2 M
Float shares4,130.0 M4,260.0 M601.6 M47.0 M16.2 M
  - Institutional holdings (%)68.1%61.0%81.0%50.5%87.0%
  - Insider holdings (%)0.0%0.1%0.2%5.4%2.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Verizon summary

Friday, September 20th, 2019
Open$60.27
Close$60.28
Day range$59.97 - $60.38
Previous close$59.98
Session gain0.50%
Average true range$0.66
50d mov avg$57.28
100d mov avg$57.05
200d mov avg$56.37
Daily pattern
Weekly pattern

Verizon performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Verizon performance to Apple, Alphabet, Shenandoah Telecommunications, Spok, AT&T, Telephone and Data Systems, T-Mobile US, United States Cellular and Vodafone:
Stock3m6m12m
VZVerizon Communica...5.44%2.97%15.52%
AAPLApple11.58%16.54%3.09%
GOOGLAlphabet10.07%2.58%5.68%
SHENShenandoah Teleco...-19.23%-27.53%-14.23%
SPOKSpok-16.15%-9.03%-14.84%
TAT&T16.20%23.30%17.01%
TDSTelephone and Dat...-19.61%-16.48%-13.09%
TMUST-Mobile US7.00%12.66%17.27%
USMUnited States Cel...-23.11%-20.45%-16.31%
VODVodafone23.67%8.36%-7.42%

Verizon competitors

We selected a few stocks to conform a list of Verizon Communications competitors to review if you are interested in investing in VZ:

Latest Verizon stock news