[PR Newswire] – TAMPA, Fla., Oct. 21, 2013 /PRNewswire/ — Verizon’s FiOS Quantum Internet service will become the official residential Internet provider of the Tampa Bay Buccaneers in a multiyear deal that has been reached …
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Verizon Communications Inc. (VZ), currently valued at $144.22B, opened this morning at $50.01.
Looking at the equity, the company’s one day range is $50.00 to $50.53 with a one year range of $40.51 to $54.31.
VZ shares are currently priced at 17.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.21x forward p/e ratio.
The company pays shareholders $2.12 per share annually in dividends, yielding 4.20%.
In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.60 per share, which would be $0.15 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.78, which would be a $0.47 better when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $31.00 Billion. If reported, that would be a 3.20% increase over the year-ago quarter.
More recently, Deutsche Bank upgraded VZ from Hold to Buy (Oct 18, 2013).
Previously, Robert W. Baird upgraded VZ from Neutral to Outperform.
Given all the information above, we should disclose to readers that the average price target is $54.30, which is 8.58% 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) .