That could suggest that Verizon Communications is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk. The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Verizon Communications’s future profitability. By accounting for growth, it could also help you if you’re comparing the share prices of multiple high-growth companies. Verizon Communications acquired the company, as well as its fiber-optic network business, in 2016. In 2017, Verizon-XO, a joint venture between the two companies, began offering services to small enterprises as well as government customers.

Because our content is not financial advice, we suggest talking with a professional before you make any decision. Verizon Communications’s current share price divided by its per-share earnings over a 12-month period gives a «trailing price/earnings ratio» of roughly 9x. In other words, Verizon Communications shares trade at around 9x recent earnings. We chose Tastyworks for this category because it offers low trading costs compared to the competition and a wide range of derivative trading options, including futures, future e-micros and options.

This could suggest that Verizon Communications is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts. Their service is available on various devices such as home telephones, cellphones, TVs, etc. Whether the smartphone is powered by Android, Windows Phone, iOS or BlackBerry OS, their users can use various services.

In May of 2021, Verizon took a notable step away from its role as content provider, selling a 90% stake in its media group—which includes the AOL and Yahoo brands—to private equity firm Apollo Global Management, for $5 billion. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

Despite the high upfront costs, the spending was necessary for long-term growth, said Lynette Luna, an analyst with Kagan, a media research group within S&P Global Market Intelligence. «Both carriers are reacting to the reality that T-Mobile has a superior 5G network,» Moore said in an interview. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe.

Verizon Communications Stock Price Nyse: Vz

Verizon Communications Inc. , through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. Verizon Communications is a Manhattan-based telecommunications giant offering a wide array of voice, data, and video services and solutions on its networks and platforms. Employing over 130,000 workers in more than 150 locations globally, Verizon was the second-largest U.S. telecommunications company by revenue in 2020, according to the latest Fortune 500 rankings. Verizon is currently in the midst of an intense multibillion-dollar battle with competitors such as T-Mobile and AT&T for the highest speed and most widely available 5G network.

Great advances and investments have put Verizon Wireless in second place on the list of top telecommunications providers in the United States right behind AT&T Inc. The main goal of the company is to implement new technologies to make our lives easier. Leading people of the company are Hans Vestberg who is CEO of Verizon Communications, and Ronan Dunne, CEO of Verizon Customers. Verizon, meanwhile, spent $45.45 billion in the C-band spectrum auction in 2021 when the Federal Communications Commission auctioned 280 MHz of spectrum in the 3.7 GHz-3.98 GHz band. AT&T dished out $23.41 billion in the C-band auction and then followed that up by shelling out an additional $9.08 billion in the subsequent 3.45 GHz auction, which ended earlier this month. All told, the carrier spent $32.49 billion on mid-band spectrum across the two auctions.

That’s relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they’re under-valued. The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Verizon’s total debt climbed to $180.70 billion from $151.24 billion over the same time frame. Mobile carriers spent tens of billions of dollars on 5G spectrum over the past two years, but those investments may take a while to pay off, analysts say. Straight Path has a large portfolio of wireless spectrum licenses in the 39 GHz and 28 GHz bands. Straight Path Ventures, a subsidiary of Straight Path, is working on next-generation wireless technology. Straight Path’s Straight Path IP Group subsidiary owns patent licenses and does other patent-related activity. MCI was Verizon’s next significant acquisition, which it paid $7.6 billion for in 2006.

Also, if you own a basic phone that does not have 4G LTE available, you can still use the 3G network. In general, Verizon Wireless offers excellent data and voice services to all its users. As for home telephones, Verizon Wireless uses cellular networks instead of traditional landlines. Of course, since the implementation of the fifth-generation mobile network called 5G has begun, the company has started to develop this network in 2015 in line with the advancement of standards and technology. Interestingly, last year this telecommunications company spent over $235.3 million on the development of telecommunications technologies. Today, Verizon Wireless has approximately 2330 owned retail stores and employs over 136,000 employees in as many as 150 different locations.

Verizon Communications Financials

A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. When it comes to one of the largest telecommunications technologies in the U.S., it’s logical that its profits and net worth are multi-billion. Currently, Verizon Wireless has an estimated net worth of about $131 billion. «It is aggravating for AT&T and Verizon, who have spent tens of billions of dollars to get the spectrum and who expected to get it Dec. 23 last year. And we’re still dragging on,» Entner said.

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• Whether the smartphone is powered by Android, Windows Phone, iOS or BlackBerry OS, their users can use various services.
• Verizon Communications is a Manhattan-based telecommunications giant offering a wide array of voice, data, and video services and solutions on its networks and platforms.
• Today, Verizon Wireless has approximately 2330 owned retail stores and employs over 136,000 employees in as many as 150 different locations.
• When it comes to one of the largest telecommunications technologies in the U.S., it’s logical that its profits and net worth are multi-billion.
• Verizon Communications’s governance score puts it squarely in the 4th percentile of companies rated in the same sector.
• Straight Path Ventures, a subsidiary of Straight Path, is working on next-generation wireless technology.

If you had bought $1,000 worth of Verizon Communications shares at the start of February 2020, those shares would have been worth $866.84 at the bottom of the March crash, and if you held on to them, then as of the last market close they’d be worth $765.36. AT&T’s lack of detail on its plans is another indicator of the company’s poor spending, Moore said. While the spending on M&A and spectrum may have been necessary, it has certainly had an impact on carrier balance sheets over the past two years. «Spectrum is the lifeblood of the wireless carrier business, and carriers need it to stay competitive,» Luna said in an interview.

How To Buy Verizon Communications Stock

«We are frustrated by the FAA’s inability to do what nearly 40 countries have done, which is to safely deploy 5G technology without disrupting aviation services, and we urge it do so in a timely manner,» an AT&T spokesperson wrote in a statement. The carriers have been bullish on the spectrum buys, pointing to the services it will support. It’s probably the most seasoned name on the web, having been established in 1995. “As people’s wallets are getting impacted by inflation, towards the back-end of the quarter we saw a little bit of reduction in overall foot-traffic,” Ellis added. Verizon said it now expects full-year adjusted profit at the lower end of its $5.40 to $5.55 per share forecast range, while analysts estimate a profit of $5.45, according to IBES data from Refinitiv.

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Some costs are going to be higher than we initially thought for the year – we’re seeing inflation rates and the impact on interest expense,” Chief Financial Officer Matt Ellis told Reuters. Verizon Communications’s most recent dividend payout was on 31 July 2022. The latest dividend was paid out to all shareholders who bought their shares by 6 July 2022 (the «ex-dividend date»). While Verizon Communications’s payout ratio might seem fairly standard, it’s worth remembering that Verizon Communications may be investing much of the rest of its net profits in future growth. Its last close price was $44.42, which is 23.68% down on its pre-crash value of $58.2 and 9.95% down on the lowest point reached during the March crash when the shares fell as low as $48.84.

Recently Verizon Communications has paid out, on average, around 47.58% of net profits as dividends. That has enabled analysts to estimate a «forward annual dividend yield» of 5.67% of the current stock value. This means that over a year, based on recent payouts , Verizon Communications verizon wireless net worth shareholders could enjoy a 5.67% return on their shares, in the form of dividend payments. In Verizon Communications’s case, that would currently equate to about $2.56 per share. Compare special offers, low fees and a wide range of types of investments among top trading platforms.

Verizon purchased GTE for $64.7 billion in 2000, which was the company’s first ever acquisition.This was a huge exchange on the grounds that Verizon hence turned into the biggest nearby phone working organization in the United States. The acquisition also offered the corporation access to 25 million mobile phone customers, adding to the company’s vast assets. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Verizon Communications’s social score of 13.2 puts it squarely in the 4th percentile of companies rated in the same sector.

Since the stock market crash in March caused by coronavirus, Verizon Communications’s share price has had significant negative movement. The total debt loads of both AT&T and Verizon spiked significantly https://xcritical.com/ in the first quarter of 2021 as the C-band auction wrapped up. AT&T’s total debt jumped to $209.08 billion in the March 2021 quarter, up from $182.98 billion at the end of 2020.