Last $49.47 USD
Change Today +0.02 / 0.04%
Volume 10.9M
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (VZ) Snapshot

Open
$49.12
Previous Close
$49.45
Day High
$49.51
Day Low
$49.02
52 Week High
07/29/14 - $53.66
52 Week Low
12/15/14 - $45.09
Market Cap
205.6B
Average Volume 10 Days
13.6M
EPS TTM
$3.35
Shares Outstanding
4.2B
EX-Date
01/7/15
P/E TM
14.8x
Dividend
$2.20
Dividend Yield
4.37%
Current Stock Chart for VERIZON COMMUNICATIONS INC (VZ)

verizon communications inc (VZ) Details

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company’s Wireless segment offers wireless voice and data services; messaging services; service that enables its customers to access the Internet on smartphones, basic phones, notebook computers, and tablets; customers and business-focused multimedia offerings; location-based services; global data services; LTE Internet, a high-speed Internet service; and network access and value added services to support telemetry-type applications. It also offers machine-to-machine services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2014, it had 108.2 million retail connections. Its Wireline segment provides high-speed Internet, FiOS Internet, and FiOS Video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VOIP services; private Internet protocol and Ethernet access and optical services; and Internet protocol, infrastructure and cloud services, machine-to-machine services, security, and other communications services. It also offers voice and data services, such as conferencing and contact center solutions, and private line and data access networks, as well as customer premise equipment, installation, maintenance, and site services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. 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 based in New York, New York.

177,300 Employees
Last Reported Date: 02/23/15
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
President of Operations and Executive Vice Pr...
Total Annual Compensation: $715.4K
Executive Vice President and President of Str...
Total Annual Compensation: $880.8K
Executive Vice President and Strategic Policy...
Total Annual Compensation: $666.2K
Compensation as of Fiscal Year 2013.

verizon communications inc (VZ) Key Developments

Verizon Communications Announces Pricing Terms of Exchange Offers

Verizon Communications Inc. announced the pricing terms of its previously announced seven separate private offers to exchange specified series of debt securities issued by Verizon and by GTE Corporation for new debt securities to be issued by Verizon and, in the case of the 6.94% debentures due 2028 of GTE Corporation, cash, each in accordance with the terms of the Exchange Offers. The Exchange Offers consist of the following: (a) an offer to exchange the 5.15% notes due 2023 of Verizon for new notes due 2036 of Verizon, provided that the principal amount of New Notes due 2036 to be issued in such Exchange Offer on an aggregate basis shall not exceed $3,000,000,000; (b) (i) an offer to exchange the 6.90% notes due 2038 of Verizon; (ii) an offer to exchange the 6.40% notes due 2038 of Verizon; (iii) an offer to exchange the 6.40% notes due 2033 of Verizon; (iv) an offer to exchange the 6.25% notes due 2037 of Verizon; and (v) an offer to exchange the GTE Debentures; in each case, for new notes due 2048 of Verizon and, in the case of the GTE Debentures, cash, provided that the principal amount of New Notes due 2048 to be issued in such Exchange Offers on an aggregate basis shall not exceed $4,500,000,000; and (c) an offer to exchange the 6.55% notes due 2043 of Verizon for new notes due 2055 of Verizon, provided that the principal amount of New Notes due 2055 to be issued in such Exchange Offer on an aggregate basis shall not exceed $5,000,000,000. The Exchange Offers are being conducted by Verizon upon the terms and subject to the conditions in a confidential offering memorandum, dated February 11, 2015, including, in the case of the 2048 Exchange Offers, the acceptance priority levels and, in the case of all Exchange Offers, possible proration, as described in the Offering Memorandum.

Google In Talks To Acquire Mobile Payments Wallet From AT&T, Verizon And T-Mobile

Google Inc. (NasdaqGS:GOOGL) is seeking acquisition of mobile payments wallet from AT&T, Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and T-Mobile US, Inc. (NYSE:TMUS). Google is now in exclusive talks to mobile payments wallet acquire it as a key component of the revived Google Wallet, the WSJ said.

Verizon Communications Inc. Announces Executive Changes

On February 17, 2015, Verizon Communications Inc. announced that John G. Stratton formerly Verizon’s Executive Vice President and President – Global Enterprise and Consumer Wireline, has been appointed to a new role as Executive Vice President and President of Operations, with operational responsibility for Verizon’s wireless and wireline businesses. Mr. Stratton will continue to report to Lowell C. McAdam, Chairman and Chief Executive Officer of Verizon. Daniel S. Mead formerly Verizon’s Executive Vice President and President and Chief Executive Officer – Verizon Wireless, has been appointed to a new role as Executive Vice President and President of Strategic Initiatives, with responsibility for directing the transfer of Verizon’s wireline operations in California, Florida and Texas to Frontier Communications Corporation. Mr. Mead will continue to report to Lowell C. McAdam, Chairman and Chief Executive Officer of Verizon. Mr. Mead expects to retire following the completion of the strategic initiatives on which he is working.

 

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Industry Analysis

VZ

Industry Average

Valuation VZ Industry Range
Price/Earnings 20.5x
Price/Sales 1.6x
Price/Book 16.7x
Price/Cash Flow 7.7x
TEV/Sales 0.6x
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