Company Update: Verizon Communications Inc (NYSE:VZ) – Analysts’ Recommendations for Verizon

[Market Realist] – In 36 recommendations by Wall Street analysts, there were no “sell” recommendations for Verizon. The analyst recommendations on the stock were mostly “hold,” representing two-thirds of the total as of … Read more on this. Verizon Communications Inc. (VZ) , currently valued at $212.10B, opened this morning at $52.15. Looking at the stock, its one day range is $51.76 to $52.23 with a trailing 52-week range being $38.06 to $54.49. VZ shares are currently priced at 13.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.32x earnings multiple for the same period. The company pays shareholders $2.26 per share annually in dividends, yielding 4.40%. Consensus earnings for the current quarter by the 26 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 $3.97, which would be a $0.02 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.49 Billion. If reported, that would be a 1.59% increase over the year-ago quarter. Recently, Bernstein downgraded VZ from Outperform to Mkt Perform (Apr 7, 2016). Previously, Jefferies downgraded VZ from Buy to Hold. The average price target for VZ shares is $52.07, which is 0.15% below where the stock 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 Company Update: Verizon Communications Inc (NYSE:VZ) – Hearst and Verizon join forces to reach mobile-obsessed millennials Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction?