Royal Bank Of Canada Cuts Verizon Communications (NYSE:VZ) Price Target to $46.00

Verizon Communications (NYSE:VZ) had its target price lowered by equities research analysts at Royal Bank Of Canada from $48.00 to $46.00 in a note issued to investors on Monday,Benzinga reports. The firm currently 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 6.03% from the stock’s current price.

A number of other brokerages have also issued reports on VZ. BNP Paribas Exane dropped their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Freedom Capital raised shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. upped their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley lifted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.97.

Verizon Communications Price Performance

Shares of NYSE VZ traded down $0.20 during midday trading on Monday, reaching $43.38. 7,421,425 shares of the company were exchanged, compared to its average volume of 29,129,631. The stock’s 50-day moving average price is $45.67 and its 200-day moving average price is $46.11. The stock has a market cap of $181.16 billion, a P/E ratio of 10.59, a PEG ratio of 1.07 and a beta of 0.26. Verizon Communications has a one year low of $38.39 and a one year high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VZ. Norges Bank acquired a new stake in shares of Verizon Communications during the 4th quarter worth approximately $2,357,158,000. Bank of America Corp DE lifted its position in shares of Verizon Communications by 15.4% during the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after acquiring an additional 8,289,877 shares during the period. Bank of New York Mellon Corp boosted its stake in Verizon Communications by 31.2% during the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock worth $1,286,423,000 after acquiring an additional 7,509,055 shares in the last quarter. State Street Corp boosted its stake in Verizon Communications by 3.5% during the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after acquiring an additional 7,461,335 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Verizon Communications by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock worth $4,747,930,000 after purchasing an additional 5,851,715 shares during the period. Institutional investors own 62.06% of the company’s stock.

Trending Headlines about Verizon Communications

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

• Negative Sentiment: Verizon is reportedly cutting 3,000 jobs as it works to address ongoing customer losses in its wireless business, reinforcing concerns that the turnaround still faces execution risk. Verizon shifts gears as customers continue to leave
• Neutral Sentiment: Verizon is being watched as part of a heavy earnings week, but the mention is mostly a calendar item rather than a direct catalyst for shares. Jobs, GM, Tesla, Alphabet, Intel, Verizon, and More to Watch This Week
• Neutral Sentiment: Analyst commentary remains mixed, with brokerages calling VZ a “Hold” overall and one bank taking a bullish stance on FY2026 earnings, which does not provide a clear near-term direction. Verizon Communications Inc. (NYSE:VZ) Given Consensus Recommendation of “Hold” by Brokerages
• Neutral Sentiment: Zacks labeled Verizon a top long-term value stock, highlighting its valuation appeal rather than a new business catalyst. Why Verizon Communications (VZ) is a Top Value Stock for the Long-Term

Verizon Communications Company Profile

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.