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Verizon Communications Inc. (VZ), valued at $134.29B, opened this morning at $46.82.
Looking at the stock, its one day range is $46.66 to $46.97 with a one year range of $40.51 to $54.31.
The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 4.50%.
Verizon (VZ) shares are currently priced at 16.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.65x earnings multiple for the same period.
In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.75 per share, which 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 better 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.
In terms of ratings, Robert W. Baird upgraded (VZ) from Neutral to Outperform (Sep 4, 2013).
Previously, Canaccord Genuity upgraded (VZ) from Hold to Buy.
Given all the information above, we should disclose to readers that the average price target is $53.58, which is 14.44% above than it 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) .