Stock Update (NYSE:VZ): Verizon Wireless customers share more than 68.6 terabytes of wireless data at most connected Super Bowl ever

[PR Newswire] – SAN FRANCISCO, Feb. 8, 2016 /PRNewswire/ — The videos, web searches, social media updates and more made by Verizon customers in the Bay Area on game day and throughout Super Bowl week added up to 68.6 … Read more on this. Verizon Communications Inc. (VZ) , valued at $204.81B, started trading this morning at $50.53. Today’s price range has been between $49.77 and $50.80 per share and has traded between $38.06 and $51.20 over the past year. Verizon (VZ) shares are currently priced at 12.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.50x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.26 per share annually in dividends, yielding 4.43%. Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $1.06 per share, which would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.99 which would be a $0.00 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $32.81 Billion. If realized, that would be a 2.60% increase over the year-ago quarter. Recently, DA Davidson Initiated VZ at Neutral (Feb 4, 2016). Previously, Buckingham Research Initiated VZ at to Neutral. The average price target for VZ shares is $50.80, which is 0.53% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Customers Gain Unprecedented Access To All Things Super Bowl 50 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 Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon Wireless encourages Alabamians to donate no-longer-used phones to support victims of domestic violence
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