Scotiabank cuts Verizon target from USD 51.50 to USD 50.00 for Verizon Communications stock

Published on 10/14/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 34.25 billion, down 0.70 percent year over year. Verizon Communications stock costs EUR 39.07 on October 14, 2026.

Target cut and earnings date

Scotiabank reduced its Verizon target on October 9, 2026.
Second-quarter revenue reached USD 34.25 billion on July 24, 2026.
Verizon Communications stock traded at EUR 39.07 at 1:35 p.m. CEST at Lang & Schwarz on October 14, 2026.
Third-quarter results are scheduled for October 26, 2026.

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Scotiabank cut its Verizon target from USD 51.50 to USD 50.00 on October 9, 2026, while retaining its Sector Outperform rating, according to Yahoo Finance. Verizon Communications stock was trading at EUR 39.07 at Lang & Schwarz on October 14, 2026 at 1:35 p.m. CEST, with its current euro quote providing the immediate market reference.

Scotiabank flags satellite risk

Scotiabank linked the target reduction to a higher perceived competitive risk from SpaceX spectrum plans, according to Yahoo Finance on October 9, 2026. The same report said SpaceX had agreed to acquire up to 14 megahertz of paired 800 MHz spectrum, subject to regulatory approval.

The comparison with Verizon's operating progress is material. In the second quarter of 2026, Verizon reported USD 34.25 billion of revenue, down 0.70 percent year over year, while adjusted earnings per share reached USD 1.30 versus USD 1.27 consensus, according to MarketBeat. Verizon also added 184,000 postpaid phone customers during that quarter, according to Yahoo Finance on October 12, 2026.

Three dated Verizon developments

On July 24, 2026, the second-quarter report combined USD 34.25 billion in revenue with adjusted 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, payable on November 2, 2026, according to Verizon. The current event is Scotiabank's October 9 target cut from USD 51.50 to USD 50.00.

What comes next for Verizon?

Verizon will report third-quarter 2026 results on October 26, 2026, with the webcast beginning at 8:30 a.m. ET, according to Verizon. The release is expected to give investors a fresh test of subscriber additions, service revenue and the competitive response to satellite connectivity.

EUR 39.07 at Lang & Schwarz

Verizon Communications stock was trading at EUR 39.07 at Lang & Schwarz on October 14, 2026 at 1:35 p.m. CEST. The structured market snapshot also places Verizon at USD 181.8 billion in market capitalization as of October 13, 2026, with a USD 38.39 to USD 51.68 52-week range. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.