Company Update: Verizon Communications Inc (NYSE:VZ) – Yahoo! (YHOO) Stock Rises on Possible Verizon Bid

[at TheStreet] – Yahoo! (YHOO) stock is up in late-morning trading on Monday as Verizon (VZ) has reportedly placed a bid for its core assets. Read more on this. Verizon Communications Inc. (VZ) , with a current market cap of $191.55B, started the session at $47.08. Looking at today’s market, VZ one day range is $46.54 to $47.78 and has traded between $38.06 and $50.86 over the past year. Verizon (VZ) shares are currently priced at 11.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.54x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.26 per share annually in dividends, yielding 4.80%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.05 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $3.99 is a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.83 Billion. If reported, that would be a 2.66% increase over the year-ago quarter. Recently, Buckingham Research Initiated VZ at Neutral (Jul 2, 2015). Previously, JP Morgan downgraded VZ from Overweight to Neutral. The average price target for VZ shares is $50.58, which is 7.43% 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 Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon strike possible as contract deadline looms Company Update: Verizon Communications Inc (NYSE:VZ) – HBO Now available for Verizon broadband customers