Scotiabank cuts target for Verizon Communications stock to USD 50.00
Published on 10/09/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Scotiabank lowered its Verizon target from USD 51.50 to USD 50.00 on October 9, 2026.
- Second-quarter EPS reached USD 1.30 against USD 1.27 consensus, while revenue was USD 34.25 billion.
- The Lang & Schwarz quote was EUR 38.45 on October 9, 2026 at 3:39 p.m. CEST.
- Verizon's third-quarter 2026 earnings event is scheduled for October 26, 2026.
Scotiabank cut its Verizon Communications target from USD 51.50 to USD 50.00 on October 9, 2026, while keeping a Sector Outperform rating, according to MarketBeat. The lower target puts valuation discipline back at the center of the Verizon Communications stock debate.
Target cut resets the valuation
The latest target is USD 1.50 below Scotiabank's previous level, a 2.91 percent reduction calculated from USD 51.50. MarketBeat also reported a consensus rating of Hold and an average target of USD 50.80.
Verizon's second-quarter 2026 diluted earnings per share came in at USD 1.30 against a USD 1.27 consensus estimate, according to MarketBeat. Revenue was USD 34.25 billion for the quarter, below the USD 35.16 billion consensus estimate, while revenue declined 0.70 percent from the comparable period.
Three dated events frame the case
On July 24, 2026, Verizon reported second-quarter revenue of USD 34.25 billion and diluted earnings per share of USD 1.30, according to MarketBeat. On September 9, 2026, Verizon declared a quarterly dividend of USD 0.7075 per share, as reported by Stock Analysis. On October 9, 2026, Scotiabank lowered its target from USD 51.50 to USD 50.00, according to MarketBeat.
What comes next for earnings?
The next scheduled dates are October 9, 2026, for the ex-dividend date, according to Yahoo Finance, and October 26, 2026, for third-quarter earnings at 8:30 a.m. ET, according to Verizon. The October report will test whether the USD 34.25 billion second-quarter revenue base can move closer to the USD 35.16 billion consensus level.
The company is listed on the NYSE under ticker VZ, and its latest reported annual guidance called for diluted earnings per share of USD 4.99 to USD 5.04, according to Verizon.
Euro quote stays intraday
Verizon Communications stock was trading at EUR 38.45 at Lang & Schwarz on October 9, 2026 at 3:39 p.m. CEST, between a EUR 38.38 bid and a EUR 38.51 ask. The primary-exchange quote was USD 42.55 on October 9, 2026 at 1:47 p.m. UTC, while the 52-week range was USD 38.39 to USD 51.68 and market capitalization was USD 177.6 billion.
The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.
Verizon Communications stock facts
- Company: Verizon Communications Inc.
- ISIN: US92343V1044
- Ticker: VZ
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 3:39 p.m. CEST): EUR 38.45
- Market capitalization: USD 177.6 billion (as of October 9, 2026)
- 52-week range: USD 38.39-USD 51.68 (as of October 9, 2026)
- Sector / Industry: Communication Services / Telecom Services
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
