Company Update: Verizon Communications Inc (NYSE:VZ) – Verizon Shares Are Poised for a Fall, and This Options Trade Will Profit From It

[at TheStreet] – Verizon (VZ) shares rallied following the company’s earnings report, but the move was exaggerated. You can use stock options to profit from the coming near-term correction. Read more on this. Verizon Communications Inc. (VZ) , valued at $191.40B, started the session at $46.37. During today’s session, VZ traded between $46.00 to $47.12 with a one year range of $38.06 to $50.86. VZ shares are currently priced at 11.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.54x earnings multiple for the same period. The company pays shareholders $2.26 per share annually in dividends, yielding 5.04%. According to a consensus of 17 analysts, the earnings estimate of $1.05 per share would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.98 would be a $0.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.71 Billion. If reported, that would be a 2.28% increase over the year-ago quarter. More recently, Buckingham Research Initiated VZ at Neutral (Jul 2, 2015). Previously, JP Morgan downgraded VZ from Overweight to Neutral. With the above information in mind, readers should note that the average price target is $50.58, which is 9.08% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer Company Update: Verizon Communications Inc (NYSE:VZ) – Apple has one big advantage with new Verizon payment plans Company Update: Verizon Communications Inc (NYSE:VZ) – HBO Now available for Verizon broadband customers