Last $50.32 USD
Change Today +0.68 / 1.37%
Volume 17.7M
VZ On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (VZ) Snapshot

Open
$49.85
Previous Close
$49.64
Day High
$50.43
Day Low
$49.67
52 Week High
07/30/13 - $51.94
52 Week Low
09/3/13 - $45.08
Market Cap
208.4B
Average Volume 10 Days
14.1M
EPS TTM
$3.00
Shares Outstanding
4.1B
EX-Date
07/8/14
P/E TM
16.8x
Dividend
$2.12
Dividend Yield
4.21%
Current Stock Chart for VERIZON COMMUNICATIONS INC (VZ)

verizon communications inc (VZ) Details

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers access to various wireless voice and data services comprising Internet access through smart and basic phones, and notebook computers and tablets; messaging services; and consumer and business focused multimedia applications under Verizon Wireless brand. This segment also provides location-based services; global data services; HomeFusion Broadband, a high-speed Internet service for homes; other connection-related services, such as network access and value added services to support telemetry-type applications; and machine-to-machine services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. As of May 15, 2014, it served 103.3 million retail customers. The company’s Wireline segment offers video services over its fiber-optic network; data services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local, long distance, and other carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. In addition, it offers FiOS Quantum TV service in New York and New Jersey. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.

176,900 Employees
Last Reported Date: 04/29/14
Founded in 1983

verizon communications inc (VZ) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $760.6K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $880.8K
Executive Vice President and President of Glo...
Total Annual Compensation: $715.4K
Executive Vice President of Public Policy and...
Total Annual Compensation: $666.2K
Compensation as of Fiscal Year 2013.

verizon communications inc (VZ) Key Developments

Verizon To Acquire Spectrum Or Airwave Licenses Of Dish Network

Verizon Communications Inc. (NYSE:VZ) is looking to acquire spectrum or airwave licenses of Dish Network Corp. (NasdaqGS:DISH). Lowell McAdam, Verizon's Chief Executive Officer said, "Dish has got some great spectrum. Spectrum is the life and blood of the mobile industry. Anything around spectrum is always of interest for us". He also emphasized the company is not interested in acquiring Dish.

Verizon Promotes Francis Yip to Lead Asia-Pacific Business

Christopher Formant, president of Verizon Enterprise Solutions, has promoted Francis Yip to group vice president of Verizon Asia Pacific. In his new role, Yip is responsible for delivering strategic cloud, security, mobility, network and connected machines solutions to Verizons multinational enterprise clients across the Asia-Pacific region. Based in Hong Kong, Yip was most recently Verizons managing director for North Asia, with responsibility for Verizons business in Hong Kong, China, Korea and Taiwan. Prior to joining Verizon, Yip was responsible for managing Dimension Datas North Asia operations. He has also held senior management positions at Equant (now Orange Business Systems) including general manager for China. A native of Singapore, Yip is fluent in several languages including English, Mandarin, Cantonese, Korean and Malay. He replaces Andrew Dobbins, who announced his retirement earlier this July.

German Government Cancels Contract with Verizon Communications; Appoints Deutsche Telekom to Provide Services

The German government has cancelled a contract with Verizon Communications after the revelations last year of US government spying. Following the disclosures by former US government contractor Edward Snowden, which included allegations of eavesdropping by the NSA on Chancellor Anegla Merkel's phone, the German government launched a review of its internal communications and secure government networks. Ending the Verizon contract is one of the first actions involving a US firm to result. Verizon has been providing network infrastructure for the German government's Berlin-Bonn network, used for communication between ministries, since 2010. The contract was set to expire in 2015. The government said Deutsche Telekom would replace the services provided by Verizon.

 

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Industry Analysis

VZ

Industry Average

Valuation VZ Industry Range
Price/Earnings 11.2x
Price/Sales 1.4x
Price/Book 16.4x
Price/Cash Flow 6.9x
TEV/Sales 0.8x
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