Royal Bank Of Canada Issues Pessimistic Forecast for Verizon Communications (NYSE:VZ) Stock Price

Verizon Communications (NYSE:VZ) had its price objective lowered by analysts at Royal Bank Of Canada from $48.00 to $46.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the cell phone carrier’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 5.13% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley boosted their price target on Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. raised their price objective on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Dbs Bank lowered shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, BNP Paribas Exane reduced their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.03.

Verizon Communications Trading Up 0.6%

Shares of Verizon Communications stock opened at $43.76 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Verizon Communications has a twelve month low of $38.39 and a twelve month high of $51.68. The firm has a market capitalization of $182.71 billion, a PE ratio of 10.67, a P/E/G ratio of 1.06 and a beta of 0.26. The firm’s 50-day moving average price is $45.51 and its 200 day moving average price is $46.15.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same period in the previous year, the business earned $1.19 EPS. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, sell-side analysts predict that Verizon Communications will post 4.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Verizon Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robinswood Financial LLC purchased a new position in shares of Verizon Communications during the 1st quarter worth $27,000. Lam Group Inc. purchased a new stake in shares of Verizon Communications in the first quarter valued at about $28,000. Strengthening Families & Communities LLC increased its position in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications during the fourth quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications News Summary

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Several recent pieces frame Verizon as a value stock, highlighting its relatively low valuation and dividend appeal for income-focused investors.
• Positive Sentiment: Analysts cited FIFA-related network demand and stronger usage trends as potential near-term catalysts ahead of second-quarter earnings. Article Title
• Neutral Sentiment: Verizon is preparing for heavy network traffic around the first-ever World Cup halftime show, which reinforces its network scale but is not clearly a direct earnings driver yet. Article Title
• Neutral Sentiment: RBC lowered its price target on Verizon to $46 from $48 and kept a “sector perform” rating, signaling cautious sentiment rather than a major change in the thesis.
• Negative Sentiment: Verizon plans to cut about 3,000 jobs and sell 274 stores to franchisees, underscoring ongoing restructuring and raising questions about growth and margins. Article Title
• Negative Sentiment: Another report said Verizon will sell 274 stores and cut 500 office jobs, adding to concerns that management is leaning on cost reductions rather than clear revenue acceleration. Article Title

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.