Market Update (NYSE:VZ): LG Watch Urbane 2nd Edition LTE now available for preorder on the Verizon Network

[PR Newswire] – NEW YORK, March 24, 2016 /PRNewswire/ — In today’s connected world, we all feel the need to constantly carry our smartphones in order to avoid experiencing FOMO (fear of missing out). The LG Watch Urbane 2nd Edition LTE, powered by Android Wear, is a smartwatch that connects to the Verizon 4G LTE network and helps you maintain that connected feeling without requiring your smartphone within constant arm’s reach. A 4G LTE smartwatch means that even when away from your smartphone you’ll still get notifications and can reply to friends, call family, search for food, listen to music, and more. Read more on this. Verizon Communications Inc. (VZ) , valued at $216.85B, opened at $52.74. Looking at the equity, the company’s one day range is $52.66 to $53.26 with its 52-week range being $38.06 to $53.85. VZ shares are currently priced at 13.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.89x forward p/e ratio. And for passive income investors, the company pays shareholders $2.26 per share annually in dividends, yielding 4.23%. Consensus earnings for the current quarter by the 24 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 $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.99 would be a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.70 Billion. If reported, that would be a 2.25% increase over the year-ago quarter. More recently, 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 $50.50, which is 4.25% below than it opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon, CenturyLink awarded $150M for network services in Virginia 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