Scotiabank cuts target for Verizon Communications stock to USD 50.00
Published on 10/12/2026 at 12:27 | 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.
- Verizon reported USD 34.25 billion of revenue in the second quarter of 2026, down 0.70 percent year over year.
- Lang & Schwarz quoted Verizon at EUR 37.38 on October 12, 2026 at 12:23 p.m. CEST.
- Third-quarter 2026 earnings are scheduled for October 26, 2026 at 8:30 a.m. ET.
Verizon Communications (ISIN US92343V1044) was quoted at EUR 37.38 at Lang & Schwarz on October 12, 2026 at 12:23 p.m. CEST. As Yahoo Finance reported on October 9, 2026, Scotiabank had cut its Verizon target from USD 51.50 to USD 50.00 while maintaining an Outperform rating.
Target cut reflects competition risk
The USD 1.50 reduction followed SpaceX's agreement to acquire up to 14 megahertz of paired 800 MHz spectrum from Grain Management, subject to regulatory approval, according to Yahoo Finance. The report said Scotiabank viewed the transaction as increasing the long-term disruption risk for established wireless carriers.
Verizon's second-quarter operating revenue was USD 34.25 billion, down 0.70 percent year over year, while wireless service revenue fell 0.70 percent to USD 20.80 billion, according to Yahoo Finance. The same report said consumer postpaid phone churn was 0.84 percent in the second quarter, slightly below the year-earlier level.
What does the next quarter test?
Verizon's third-quarter report will provide the first full-quarter reading on its new wireless plans, which went on sale in mid-June. Management's combined mobility and broadband service revenue outlook calls for growth approaching 3.00 percent in the third quarter, compared with 2.80 percent in the second quarter, according to Yahoo Finance.
Verizon also delivered adjusted earnings per share of USD 1.30 in the second quarter against USD 1.27 consensus, a USD 0.03 comparison advantage reported by MarketBeat. That contrast leaves subscriber retention and service revenue as the key operating checks for the October report.
Three dated Verizon milestones
On September 9, 2026, Verizon listed a Citi 2026 Global TMT Conference appearance at 8:10 a.m. ET and a Goldman Sachs Communacopia presentation at 11:50 a.m. ET. On October 9, 2026, Scotiabank cut its target from USD 51.50 to USD 50.00, and the company is scheduled to report third-quarter results on October 26, 2026, according to Verizon.
Upcoming dates carry the next test
Verizon's next earnings event is scheduled for October 26, 2026 at 8:30 a.m. ET, with presentation materials due at 7:00 a.m. ET. The company has also scheduled a quarterly dividend payment of USD 0.7075 per share for November 2, 2026, according to Verizon.
EUR 37.38 at Lang and Schwarz
At Lang & Schwarz, Verizon was quoted at EUR 37.38 on October 12, 2026 at 12:23 p.m. CEST. The company's US listing is on the NYSE, where the October 9, 2026 close was USD 41.65, while its market capitalization was USD 173.9 billion and its 52-week range was USD 38.39 to USD 51.68 as of that quote.
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 12, 2026, 12:23 p.m. CEST): EUR 37.38
- Market capitalization: USD 173.9 billion (as of October 9, 2026)
- 52-week range: USD 38.39-USD 51.68 (as of October 9, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
- Index membership: S&P 500
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
