VZ

The Week

Verizon (VZ) fell 2.46% this week to close at $45.92, lagging the S&P 500 by about 2.19 percentage points, with the benchmark down 0.27% over the same period. The week was choppy, leaning lower. Monday opened at $47.04 and hit the week’s high of $47.10 before settling at $46.68. Tuesday slid to $45.98, Wednesday touched the week’s low of $45.725 and closed at $45.87, Thursday recovered modestly to $45.98, and Friday finished at $45.92. The weekly range was 2.92%, and average daily volume sat about 3.95% below the 60-day median.

Key Events

Company-specific news was heavy this week. Monday confirmed third-quarter earnings will be reported pre-market on 26 October 2026. Tuesday and Wednesday brought the election of Charles Phillips, co-founder of Recognize Partners, to the board. Thursday saw two more visible moves: EVP and Verizon Business Group CEO Kyle Malady reported the sale of 1,100 shares worth roughly $51,040, while Verizon Fios customers lost access to STARZ after negotiations with Starz Entertainment broke down. Also on Thursday, AT&T, T-Mobile and Verizon announced a joint venture to expand satellite-enabled mobile coverage in US dead zones, naming Paul Roth interim CEO; the three telecom stocks all traded higher overnight. Friday brought a buy rating from Scotiabank, while one media report highlighted high-dividend-yield tech and telecom names. There were no material filings this week.

Analyst Ratings

Across 26 covering institutions, 8 rate Verizon a buy, 3 rate it overweight and 15 rate it hold, with no sell or underweight ratings. The consensus rating is buy, and the consensus target is $51.17, about 11.42% above the current price of $45.92. Targets range from $44 to $62, so dispersion is wide. Within the telecom services industry, Verizon ranks 5th out of 57 companies; the industry averages 7 covering institutions and a median of 4.

The Week Ahead

Next week’s macro calendar starts with the S&P Global services PMI final and ISM non-manufacturing PMI on Monday 5 October, followed by international trade and goods trade balance data on Tuesday 6 October, then EIA weekly crude inventories on Wednesday 7 October. For Verizon itself, the key date further out is the third-quarter report on 26 October, which lands outside the W40 window but remains the main event to watch.

In Short

Verizon closed the week at $45.92, closer to the lower end of its 60-day range between $51.665 and $41.34. Both the 20-day moving average at $48.264 and the 60-day at $47.481 sit above the current price. Valuation shows a P/E near 11.8x, P/B around 1.84x and a dividend yield near 6.09%. On the latest trading day, large-lot money turned net buyer while medium and small flows were more split. The consensus buy rating and target roughly 11.42% above spot sit against 15 hold ratings, so conviction is still mixed. The next test is whether the 26 October earnings report confirms resilience in revenue and profit, and how the satellite joint venture and the Starz standoff actually feed through to the business.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.