Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon and Vietnam veterans ring NYSE bell

[at CNBC] – Verizon Communications and the United War Veterans Council rang the New York Stock Exchange opening bell on Friday to highlight Vietnam Veterans Day. Read more on this. Verizon Communications Inc. (VZ) , with a current value of $220.16B, started trading this morning at $53.32. Looking at today’s trading action, the company’s one day range from $53.10 to $54.04 with its 52-week range being $38.06 to $54.37. VZ shares are currently priced at 13.55x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.72x earnings multiple. The company pays shareholders $2.26 per share annually in dividends, yielding 4.23%. According to a consensus of 25 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. In looking at the bigger picture, the full-year EPS estimate of $3.99 would be 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 $32.64 Billion. If reported, that would be a 2.06% 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 $51.41, which is 3.58% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock is the ‘Chart of the Day’ Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction? Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer