Company Update (NYSE:VZ): Tech Savvy? Verizon is Hiring Fios Summer Field Techs

[PR Newswire] – LEESBURG, Va., April 8, 2016 /PRNewswire/ — If you’re tech savvy and like working outside, Verizon is hiring summer field techs in Maryland and Virginia. This is a unique work opportunity that will provide … Read more on this. Verizon Communications Inc. (VZ) , valued at $213.18B, opened this morning at $52.20. Looking at the equity, the company’s one day range is $52.20 to $52.58 with a trailing 52-week range being $38.06 to $54.49. Verizon (VZ) shares are currently priced at 13.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.29x earnings multiple for the same period. The company pays shareholders $2.26 per share in dividend income per year, for a current yield of 4.15%. According to a consensus of 26 analysts, the earnings estimate of $1.05 per share would be $0.03 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.98 is a $0.01 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.58 Billion. If reported, that would be a 1.88% increase over the year-ago quarter. In terms of ratings, Bernstein downgraded VZ from Outperform to Mkt Perform (Apr 7, 2016). Previously, Jefferies downgraded VZ from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $51.74, which is 0.88% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update (NYSE:VZ): This rural telecom giant is taking the reigns for Verizon’s FIOS network in San Antonio 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