Market Update (NYSE:VZ): Verizon EVP to present at Citi conference Jan. 6

[PR Newswire] – NEW YORK, Jan. 4, 2016 /PRNewswire/ — Marni Walden, executive vice president and president of product innovation and new businesses of Verizon Communications Inc. (NYSE, Nasdaq: VZ), will speak at the … Read more on this. Verizon Communications Inc. (VZ) , valued at $185.47B, started trading this morning at $45.67. Shares have traded today between $45.36 and $45.71 per share with the price of the stock fluctuating between $38.06 to $50.86 over the last 52 weeks. Verizon (VZ) shares are currently priced at 11.61x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.38x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.26 per share annually in dividends, yielding 4.89%. According to a consensus of 25 analysts, the earnings estimate of $0.88 per share would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.98 which would be a $0.63 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $34.13 Billion. If realized, that would be a 2.83% increase over the year-ago quarter. Recently, Buckingham Research Initiated VZ at Neutral (Jul 2, 2015). Previously, JP Morgan downgraded VZ from Overweight to Neutral. The average price target for VZ shares is $50.19, which is 9.90% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Stock Update (NYSE:VZ): Verizon CFO to present at Wells Fargo conference Nov. 10 Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Chairman and CEO to speak at Goldman Sachs conference on Sept. 17 Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon to Present at Oppenheimer Conference Aug. 11