BusinessWeek Logo
November 23, 2009 2:19 AM ET

Verizon Communications Inc.

(VZ:NYSE)

LAST $30.43 USD
CHANGE TODAY -0.09 -0.29%
VOLUME 11.4M
As of 4:01 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Verizon Communications Inc. (VZ)

OPEN
$30.38
PREVIOUS CLOSE
$30.52
DAY HIGH
$30.53
DAY LOW
$30.30
52 WEEK HIGH
12/8/08 - $34.90
52 WEEK LOW
03/9/09 - $26.10
MARKET CAP
86.4B
AVERAGE VOLUME 3 mo
13.6M
DILUTED EPS TTM
$1.95
SHARES OUTSTANDING
2.8B
EX-DATE
10/7/09
P/E TTM
15.6x
DIVIDEND
$1.90
DIVIDEND YIELD
6.24%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICVerizon Communications

related business week news

Wall Street analysts give their buy, sell, or hold views on various stocks in the news this week

Taxpayers are taking another hit as strapped local governments fork over billions in fees on investments gone bad

Plus Wall Street analyst opinions on SunPower and Alkermes

Wall Street analysts give their buy, sell, or hold views on various stocks in the news this week

View More BusinessWeek News

VZ Details

Verizon Communications Inc. provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. The Wireline segment provides voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, and long distance services to consumers, carriers, businesses, and government customers. It operates a fiber-to-the-premises (FTTP) network under the FiOS service mark that offers bandwidth, and designed to handle future broadband and video applications. As of December 31, 2008, this segment’s wireline network included approximately 36,161,000 wireline access lines, 8,673,000 broadband connections, and 1,918,000 FiOS TV customers. The Domestic Wireless segment offers in wireless voice and data products, and other value-added services, as well as sells equipment. This segment serves approximately 80 million customers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications was founded in 1983 and is based in New York, New York.

223,900 Employees
Founded in 1983

VZ Top Compensated Officers

Chairman and Chief Executive Officer
Age: 62
Total Annual Compensation: $2.1M
President
Age: 62
Total Annual Compensation: $1.3M
Executive Vice President, Chief Executive Off...
Age: 54
Total Annual Compensation: $823.1K
Executive Vice President
Age: 59
Total Annual Compensation: $871.2K
Compensation as of Fiscal Year 2008.

Key developments for Verizon Communications Inc. (VZ)

AT&T, Inc. Files an Amended Complaint in Federal Court Against Verizon Communications Inc.

AT&T, Inc. filed an amended complaint in federal court in Atlanta demanding that Verizon immediately pull all of the ads that compare 3G coverage of the two companies. It claimed the Verizon commercials are misleading because viewers might be led to believe that AT&T doesn't have any coverage in the white spots on AT&T's 3G coverage map used in the ads. AT&T first filed suit about the issue last week. Verizon had said the lawsuit is without merit and it doesn't plan to change the maps.

Verizon Expands FiOS TV in Six South-central Pennsylvania Communities

Verizon Communications Inc. has expanded its FiOS TV service to more than 7,500 households in parts of Highspire Borough, Lower Swatara Township, Penbrook Borough, Steelton Borough, Susquehanna Township and Swatara Township, bringing consumers a wide array of programming, 129 high-definition (HD) channels, and more video on demand (VOD) and faster Internet speeds than old-fashioned cable TV.

Verizon Communications Inc. Expands DSL-Enabled High Speed Internet Service to 850 More West Virginia Customers in Cabell, Fayette and Jackson Counties

Verizon Communications Inc. expanded its DSL-Enabled high speed internet service to 850 more West Virginia customers in Cabell, Fayette and Jackson counties. The company recently installed High Speed Internet equipment, based on digital subscriber line (DSL) technology, in the Boomer area of Fayette County; Barker's Ridge in Cabell County; and the Fairplains area of Jackson County. Verizon High Speed Internet service is delivered on a dedicated line from Verizon's central switching office to the customer's home or business and is backed by live, 24 x 7 customer service and technical support. Verizon's entry-level High Speed Internet service offers speeds of up to 1 mbps downstream and 384 kbps upstream. Consumers who want faster speed can order Verizon's offering of up to 3 mbps downstream and 768 kbps upstream. The up-to-3 mbps service delivers download speeds 50 times faster than dial-up.

BusinessWeek Rankings

BusinessWeek 50
2009  #21
2008  #4
World's Most Innovative Companies
2008  #34
2007  #37

Stock Quotes

Company Lookup
Recently Viewed
VZ $30.43 USD -0.09
THQI $4.69 USD -0.20
HOT $32.05 USD -0.40
ENI (IT) €16.85 EUR -0.34
ONNN $7.73 USD -0.13

Market data is delayed at least 20 minutes.

VZ Competitors

Company Last Change
AT&T Inc $26.02 USD -0.09
Deutsche Telekom €9.50 EUR -0.05
Hewlett-Packard Co $50.04 USD +0.22
International Business Machines Corp $126.96 USD -0.58
Nippon Telegraph and Telephone Corp ¥3,640 JPY 0.00
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation VZ Industry Range
Price/Earnings 15.6x
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful

VZ

 | 

VZ transactions

Type
Date
Target
Bankruptcy
October 23, 2009
Brisar Industries, Inc.
Bankruptcy
October 15, 2009
Sonix Medical Resources, Inc.
View More VZ Transactions...

Companies Toolbox

Company Tools
Investing Tools

SEARCH FOR JOBS

Post a Job
See all Job Listings

Jobs by SimplyHired



Close Recommend A Data Enhancement Or Correction

For Verizon Communications Inc. (VZ) Snapshot

Submitting this data update / error report instantly puts the correct information in the hands of our researcher, who will investigate your report and, if necessary, make the changes to the company profile. Be sure to fill out the form completely.

Required Information Missing - Please enter your information in the following field(s):
DATA TO BE REVIEWED
Page Section*

Please indicate in which section the error appears. Section headers are in light gray type at the top of each CIC page module.

Data Point*

Please indicate which data is in error.

CONTACT INFORMATION

Please provide your name and email address in case our researchers need to get in touch with you as they investigate the error.

Your Name*
Your E-Mail Address*
YOUR RECOMMENDATION

Describe why you feel the data point is incorrect and indicate sources our researchers should check when they investigate the error.

Cancel Submit
You can drag this form within your browser window.

Thank you for submitting your information. We investigate data update requests and error reports as quickly as possible. Since some are easier to investigate than others, please be patient as we perform our research; it could take several weeks, depending on the nature of the error and whether your company is public or private.

You can drag this form within your browser window.