Verizon Wireless Launches 4G LTE Network In Watertown Area – Verizon Communications Inc.(NYSE:VZ)

Article Image [PR Newswire] – WATERTOWN, N.Y., Oct. 8, 2013 WHO: Verizon Wireless, operator of the nation’s largest 4G LTE network and largest, most reliable 3G network WHAT: Verizon Wireless activated 4G LTE technology on ten local …
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Verizon Communications Inc. (VZ), valued at $132.95B, started trading this morning at $46.21.

Today’s price range has been between $46.06 and $46.63 per share and has traded between $40.51 and $54.31 over the past year.

VZ shares are currently priced at 16.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.60x forward p/e ratio.

The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 4.50% .

According to a consensus of 28 analysts, the earnings estimate of $0.75 per share would be $0.11 better than the year-ago quarter but a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.76 would be a $0.45 improvement when compared to the previous year’s annual results.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $30.17 Billion. If reported, that would be a 4.00% increase over the year-ago quarter.

Recently, Robert W. Baird upgraded (VZ) from Neutral to Outperform (Sep 4, 2013).
Previously, Canaccord Genuity upgraded (VZ) from Hold to Buy. UBS downgraded (VZ) from Buy to Neutral.

When considering if the stock is under or overvalued, the average price target is $53.58, which is 15.95% above where the stock opened this morning.

Verizon Communications Inc.(NYSE:VZ), through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies worldwide. Its Verizon Wireless segment offers access to various wireless voice and data services.

Tag Helper ~ Stock Code: VZ | Common Company name: Verizon | Full Company name: Verizon Communications Inc.(NYSE:VZ) .


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