Company Update: Verizon Communications Inc (NYSE:VZ) – Possible Initiation of Verizon’s Data Center Transaction

[Market Realist] – Verizon’s data centers are located in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. Read more on this. Verizon Communications Inc. (VZ) , valued at $182.81B, started trading this morning at $45.24. During today’s session, VZ traded between $44.53 to $45.25 with a trailing 52-week range being $38.06 to $50.86. Priced at 11.36x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry’s 23.45x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.26 per share annually in dividends, yielding 5.04%. According to a consensus of 26 analysts, the earnings estimate of $0.88 per share would be $0.17 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.97 would be a $0.62 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $34.08 Billion. If reported, that would be a 2.68% increase over the year-ago quarter. In terms of ratings, 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 $50.33, which is 11.25% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock Gains on Unlimited Data Plan Hike Company Update (NYSE:VZ): Verizon Selects Mesosphere DCOS as Nationwide Platform for Data Center Service Orchestration Company Update: Verizon Communications Inc (NYSE:VZ) – HBO Now available for Verizon broadband customers