# Verizon EVP Sells $53,548 in Common Stock
Kyle Malady, Executive Vice President and Group CEO-VZ Business at Verizon Communications Inc., sold 1,100 shares of the company's common stock on 2026-08-18. The shares were sold at a price of $48.68 per share, totaling $53,548.
# Recent Market Developments
Verizon's stock trades near its 52-week high of $51.68, with shares up 25% year-to-date. The company's second-quarter adjusted earnings surpassed Wall Street expectations with earnings per share of $1.30, but revenue fell slightly below forecasts. Despite this, Verizon lifted its full-year guidance, focusing on stronger profitability and increased cash flow.
# Analyst Reactions
Scotiabank raised its price target for Verizon to $52.50, citing growth in mobility and broadband service revenue, as well as an improvement in postpaid phone net additions. Bernstein SocGen Group increased its price target to $47, reflecting better-than-expected service revenue growth and enhanced EBITDA margins. These developments come amid plans by SpaceX to establish a mobile service network, potentially placing its Starlink division in direct competition with Verizon and other major telecom carriers.
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