Market Update (NYSE:VZ): Introducing the LG Optimus Zone 3 on Verizon’s simplified prepaid plan

[PR Newswire] – With the new LG Optimus Zone 3™, now available from Verizon for $69.99, you have access to serious smartphone features, including a powerful quad-core processor, rear- and front-facing cameras and a best-in-class 4.5-inch display. Paired with one of Verizon’s simplified prepaid service plans, you get unlimited talk and text, and plenty of data to post photos, tweet, watch videos and download your favorite apps. If you already own an LG Optimus Zone 2, consider upgrading — the Zone 3 packs a ton of punch in a small package. Read more on this. Verizon Communications Inc. (VZ) , with a current market cap of $182.57B, began trading this morning at $44.22. A quick look at the market, the company’s stock traded between $44.05 and $45.19 with a trailing 52-week range being $38.06 to $50.86. Verizon (VZ) shares are currently priced at 11.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.45x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.26 per share annually in dividends, yielding 5.04%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.88 per share, which 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 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $34.08 Billion. If realized, that would be a 2.68% 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. When considering if the stock is under or overvalued, the average price target is $50.33, which is 13.82% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock Gains on Unlimited Data Plan Hike Market Update (NYSE:VZ): Will Verizon Communications (VZ) Stock Be Lifted by Plan to Test 5G Wireless Technology?