Stock Update (NYSE:VZ): How bulls are playing rally in Verizon

[optionMONSTER] – Traders are making cheap bets that Verizon Communications will rally in the next four months. optionMONSTER’s monitoring program shows that 7,000 July 60 calls were purchased in two equal-sized prints … Read more on this. Verizon Communications Inc. (VZ) , valued at $220.48B, started the session at $54.17. Looking at the equity, the company’s one day range is $53.70 to $54.37 with a one year range of $38.06 to $54.37. VZ shares are currently priced at 13.55x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.05x earnings multiple. And for dividend hunters, the company pays shareholders $2.26 per share annually in dividends, yielding 4.22%. Consensus earnings for the current quarter by the 25 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 $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.99, which would be a $0.00 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.64 Billion. If reported, that would be a 2.06% increase over the year-ago quarter. In terms of ratings, Deutsche Bank Initiated VZ at Hold (Feb 24, 2016). Previously, DA Davidson Initiated VZ at to Neutral. When considering if the stock is under or overvalued, the average price target is $50.89, which is 6.06% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock is the ‘Chart of the Day’ Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon Exploring Asset-Backed Financing to Get Upfront Cash Stock Update (NYSE:VZ): Verizon announces tender offers for 34 tranches of notes issued by Verizon and its subsidiaries
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.