Verizon Communications Inc. (NYSE:VZ) – More Cleveland-Area Residents Can Experience 4G LTE with Verizon Wireless Expansion

Verizon Communications Inc. (NYSE:VZ) [PR Newswire] – CLEVELAND, Nov. 26, 2013 /PRNewswire/ — WHO: Verizon Wireless , operator of the nation’s largest 4G LTE network and largest, most reliable 3G network WHAT: Verizon Wireless recently enhanced fourth generation …
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Verizon Communications Inc. (VZ), valued at $143.46B, started the session at $50.08.
During the trading session, VZ traded between $49.91 to $50.33 with its 52-week range being $41.50 to $54.31.
 
VZ shares are currently priced at 17.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.59x forward p/e ratio.
The company pays shareholders $2.12 per share annually in dividends, yielding 4.20%.
 
According to a consensus of 19 analysts, the earnings estimate of $0.65 per share would be $0.20 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.83, which would be a $0.52 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $31.03 Billion. If realized, that would be a 3.30% increase over the year-ago quarter.
Recently, Deutsche Bank upgraded VZ from Hold to Buy (Oct 18, 2013). Previously, Robert W. Baird upgraded VZ from Neutral to Outperform.
When considering if the stock is under or overvalued, the average price target is $54.04, which is 7.91% 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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