Stock Update (NYSE:VZ): Verizon Wireless Announces Midland/Odessa Hiring Effort

Verizon Communications Inc (NYSE:VZ) [PR Newswire] – ODESSA, Texas, April 15, 2014 /PRNewswire/ — Verizon Wireless is adding 60 full-time retail positions in the Midland/Odessa area by the end of 2014. The positions will be based locally and interested candidates may apply online by visiting the Verizon Wireless website at Verizon Wireless also offers tuition reimbursement, adoption assistance and bonuses. Computer World lists Verizon Wireless as one of the “100 Best Places to Work in IT.”
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Verizon Communications Inc. (VZ), with a current market cap of $194.26B, started the session at $47.25.
Looking at today’s trading action, the company’s one day range from $46.85 to $47.30 with a trailing 52-week range being $45.08 to $54.31.
VZ shares are currently priced at 13.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.11x forward p/e ratio.
And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 4.50%.
According to a consensus of 23 analysts, the earnings estimate of $0.86 per share would be $0.18 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $3.51 is a $0.67 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $30.68 Billion. If reported, that would be a 4.28% increase over the year-ago quarter.
In terms of ratings, Pacific Crest downgraded VZ from Outperform to Sector Perform (Jan 22, 2014). Previously, Deutsche Bank upgraded VZ from Hold to Buy.
The average price target for VZ shares by the analysts covering the stock is $54.04, which is 14.37% above where the stock opened this morning.
Summary (NYSE:VZ) :  Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers access to various wireless voice and data services comprising Internet access through smart phones and basic phones, and notebook computers and tablets; messaging services to send and receive text, picture, and video messages; and consumer and business focused multimedia applications under the Verizon Wireless brand. This segment also provides location-based services; global data services; HomeFusion Broadband, a high-speed Internet service for homes; other connection-related services, such as network access and value added services to support telemetry-type applications; and machine-to-machine services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. As of February 24, 2014, it served 103 million retail customers. The company’s Wireline segment offers video services over its fiber-optic network; data Services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local, long distance, and other carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.
Tag Helper ~ Stock Code: VZ | Common Company name: Verizon | Full Company name: Verizon Communications Inc (NYSE:VZ) .

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