Company Update – Verizon Communications Inc. (NYSE:VZ) – Verizon ... - Jutia Group

Rabu, 01 Januari 2014

Company Update – Verizon Communications Inc. (NYSE:VZ) – Verizon ... - Jutia Group

By Analyst Technology, on December 31st, 2013 in Technology

Verizon Communications Inc. (NYSE:VZ) [at Seeking Alpha] – While most of the U.S. mobile carriers have adopted aggressive customer acquisition strategies offering unlimited data plans, Verizon ( VZ ) continues to execute a well-balanced strategy and usage-driven …
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Verizon Communications Inc. (VZ), valued at $140.47B, opened at $49.00.

A quick look at the market, the company's traded between $48.78 to $49.22 with the price of the stock fluctuating between $41.50 to $54.31 over the last 52 weeks.

Priced at 17.37x this year's forecasted earnings, VZ shares are relatively expensive compared to the industry's 13.22x forward p/e ratio.

And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 4.30%.

Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.20 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $2.83 which would be a $0.52 improvement than last year's full-year earnings.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $31.04 Billion. If reported, that would be a 3.33% increase over the year-ago quarter.

More recently, Deutsche Bank upgraded VZ from Hold to Buy (Oct 18, 2013). Previously, Robert W. Baird upgraded VZ from Neutral to Outperform.

Given all the information above, we should disclose to readers that the average price target is $54.04, which is 10.29% above than it opened this morning.

Verizon Communications Inc.(NYSE:VZ), through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies worldwide. Its Verizon Wireless segment offers access to various wireless voice and data services.

Tag Helper ~ Stock Code: VZ | Common Company name: Verizon | Full Company name: Verizon Communications Inc. (NYSE:VZ) .