Scotiabank cuts target for Verizon Communications stock to USD 50.00

Published on 10/13/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verizon Communications stock costs EUR 38.47 on October 13, 2026. Market value was USD 178.6 billion on October 12, 2026.

Scotiabank cut Verizon's price target from USD 51.50 to USD 50.00 on October 9, 2026, while maintaining its rating.
Verizon Communications stock was at EUR 38.47 at Lang & Schwarz on October 13, 2026.
The company is scheduled to report third-quarter 2026 results on October 26, 2026, at 8:30 a.m. ET.
Verizon reported USD 6.4 billion in free cash flow for the second quarter of 2026.

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Scotiabank cut its Verizon price target from USD 51.50 to USD 50.00 on October 9, 2026, while maintaining its existing rating, according to Yahoo Finance. Verizon Communications stock was at EUR 38.47 at Lang & Schwarz on October 13, 2026 at 11:18 a.m. CEST.

Three catalysts shape the setup

In the second quarter of 2026, Verizon generated USD 6.4 billion in free cash flow, according to Yahoo Finance on October 12, 2026. The same report said free cash flow was up 27.12 percent from the comparable period, giving the valuation debate a concrete cash-flow anchor.

Verizon declared a quarterly dividend of USD 0.7075 per share on September 9, 2026, payable on November 2, 2026, according to the company. The dividend announcement appears on Verizon's investor page linked by its official release.

What does the target cut mean?

The reduction removes USD 1.50 from Scotiabank's previous target, a 2.91 percent cut calculated against USD 51.50. The linked report said the bank kept its rating but cited a higher long-term disruption risk after SpaceX agreed to acquire up to 14 megahertz of paired spectrum.

That combination leaves Verizon investors weighing current cash generation against a longer-term competitive question. The second-quarter free cash flow figure provides support for the balance sheet story, while the target reduction shows that the threat assessment has become more cautious.

Key dates frame the next move

Verizon's second-quarter 2026 free cash flow reached USD 6.4 billion on July 24, 2026, the September 9 dividend was USD 0.7075 per share, and the October 9 target change moved from USD 51.50 to USD 50.00. These three dated events place cash generation, shareholder distributions and competition risk on the same timeline.

Verizon will report third-quarter 2026 earnings on October 26, 2026, with its webcast scheduled for 8:30 a.m. ET, according to Verizon. The report will test whether the company's second-quarter cash-flow performance is accompanied by stronger operating momentum.

Price and valuation remain central

Verizon's market capitalization was USD 178.6 billion on October 12, 2026. The primary-market quote was USD 42.78 on the NYSE on October 12, 2026 at 4:00 p.m. ET, while the 52-week range was USD 38.39 to USD 51.68.

At Lang & Schwarz, Verizon stock was trading at EUR 38.47 on October 13, 2026 at 11:18 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.