Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Customers Gain Unprecedented Access To All Things Super Bowl 50

[PR Newswire] – NEW YORK, Jan. 28, 2016 /PRNewswire/ — As the nation counts down to the historic Super Bowl 50, Verizon paves the road to the game with hundreds of exclusive opportunities to gain access to all things … Read more on this. Verizon Communications Inc. (VZ) , with a current value of $199.62B, started trading this morning at $49.06. Today’s price range has been between $48.47 and $49.46 per share with its 52-week range being $38.06 to $50.86. Priced at 12.32x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry ’s 21.33x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.26 per share annually in dividends, yielding 4.81%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $1.06 per share, which would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $3.98, which would be a $0.01 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.85 Billion. If reported, that would be a 2.72% 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 $50.71, which is 3.36% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – $70 million network investment has the Verizon Wireless network ready to serve fans at most connected Super Bowl ever Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer Company Update: Verizon Communications Inc (NYSE:VZ) – Apple has one big advantage with new Verizon payment plans