Stock Update (NYSE:VZ): Verizon Customers Can Connect With Friends and Family in Belgium and Turkey for Free Following Attacks

[PR Newswire] – NEW YORK, March 22, 2016 /PRNewswire/ — More than 170,000 Verizon employees worldwide extend condolences to all our friends and family in Brussels and Turkey. In this time of uncertainty, we want to … Read more on this. Verizon Communications Inc. (VZ) , valued at $217.24B, began trading this morning at $53.42. During today’s session, VZ traded between $53.10 to $53.46 and has traded between $38.06 and $53.85 over the past 12 months. VZ shares are currently priced at 13.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.73x earnings multiple for the same period. And for income investors, the company pays shareholders $2.26 per share annually in dividends, yielding 4.24%. According to a consensus of 23 analysts, the earnings estimate of $1.06 per share would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $3.99 is a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.81 Billion. If reported, 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. The average price target for VZ shares by the analysts covering the stock is $50.52, which is 5.43% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon customers in South Carolina are the real winners in newest RootMetrics® wireless network performance report Stock Update (NYSE:VZ): Verizon Wireless customers share more than 68.6 terabytes of wireless data at most connected Super Bowl ever Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Customers Gain Unprecedented Access To All Things Super Bowl 50