Scotiabank cuts Verizon target to USD 50.00 for Verizon Communications stock

Published on 10/15/2026 at 10:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verizon Communications stock costs EUR 39.87 on October 15, 2026. Results arrive October 26, 2026 after USD 34.25 billion second-quarter revenue.

Targets and earnings calendar

Scotiabank cut its Verizon target from USD 51.50 to USD 50.00 on October 9, 2026.
Second-quarter revenue reached USD 34.25 billion, down 0.70 percent year over year.
Verizon Communications stock traded at EUR 39.87 at 10:48 a.m. CEST on October 15, 2026.

Schwarzweißes Reportagefoto eines Telekommunikationstechnikers mit Schutzhelm beim Klettern an einem Antennenturm vor dramatischem Wolkenhimmel — Verizon US92343V1044 – Schwarzweiß-Reportage eines Technikers beim sicheren Klettern an einem hohen Mobilfunkturm, Illustration mit AI erstellt.

Verizon Communications (ISIN US92343V1044) was trading at EUR 39.87 at Lang & Schwarz on October 15, 2026, while Scotiabank had cut its Verizon target from USD 51.50 to USD 50.00 on October 9. Markets Insider reported that the bank kept its Outperform rating while citing a higher long-term disruption risk from SpaceX spectrum plans.

Target cut meets a mixed quarter

The October 9 target reduction followed Verizon's second-quarter report, which showed revenue of USD 34.25 billion, down 0.70 percent year over year. MarketBeat said Verizon exceeded quarterly earnings expectations with USD 1.30 per share against a USD 1.27 consensus, while revenue was below the USD 35.16 billion estimate.

What does the target mean for valuation?

Scotiabank's USD 50.00 target remains above the USD 44.42 New York Stock Exchange price reported for October 14, 2026, but the currencies differ from the euro reference quote. Verizon's market capitalization was USD 184.6 billion on October 14, 2026, and its 52-week range was USD 38.39 to USD 51.68.

Three dated Verizon developments

On July 24, 2026, Verizon reported second-quarter revenue of USD 34.25 billion. On September 9, 2026, the company declared a quarterly dividend of USD 0.7075 per share. On October 9, 2026, Scotiabank cut its target from USD 51.50 to USD 50.00 while keeping its Outperform rating.

Upcoming dates for shareholders

Verizon scheduled third-quarter 2026 results for October 26, 2026, with the webcast starting at 8:30 a.m. ET. The quarterly dividend is scheduled for payment on November 2, 2026 to shareholders of record on October 9, 2026, according to Verizon's investor information.

Stock holds a dated market reference

Verizon is listed on the New York Stock Exchange and Nasdaq under ticker VZ, and the company operates in telecommunications services. The next earnings date gives investors a defined event after the target revision and before a fresh operating update.

Verizon Communications stock was trading at EUR 39.87 at Lang & Schwarz on October 15, 2026 at 10:48 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.