Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Digital Media Services enters agreement to acquire Volicon, leading broadcast monitoring and archive company

[PR Newswire] – LOS ANGELES, March 16, 2016 /PRNewswire/ — Verizon Digital Media Services, now a part of AOL, today announced it has entered an agreement to acquire Volicon, a leading provider of video capture, archival, … Read more on this. Verizon Communications Inc. (VZ) , with a current market cap of $214.12B, started the session at $52.24. During the trading session, VZ traded between $52.40 to $52.74 with its 52-week range being $38.06 to $52.96. Priced at 13.17x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry’s 15.48x 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 4.30%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $1.06 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.99 is a $0.00 setback 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 $32.81 Billion. If realized, that would be a 2.60% increase over the year-ago quarter. In terms of ratings, Deutsche Bank Initiated VZ at Hold (Feb 24, 2016). Previously, DA Davidson Initiated VZ at to Neutral. Given all the information above, we should disclose to readers that the average price target is $50.52, which is 3.29% below than it opened this morning. See more in (NYSE:VZ) Similar Articles: Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Wireless to pay $1.35 million fine to settle U.S. privacy probe Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction? Market Update: Verizon Communications Inc (NYSE:VZ) – PumpAlarm.com’s Verizon Certified Home Monitoring Device Launches in Home Depot
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.