Market Update: Verizon Communications Inc (NYSE:VZ) – $70 million network investment has the Verizon Wireless network ready to serve fans at most connected Super Bowl ever

[PR Newswire] – SAN FRANCISCO, Jan. 26, 2016 /PRNewswire/ — Verizon customers can capture and share each historic moment of Super Bowl 50, expected to be the most connected and shared championship game in history, thanks … Read more on this. Verizon Communications Inc. (VZ) , with a current market cap of $194.60B, started the session at $47.13. During today’s session, VZ traded between $47.05 to $47.90 with the price of the stock fluctuating between $38.06 to $50.86 over the last 52 weeks. Priced at 11.79x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry ’s 22.54x forward p/e ratio. The company pays shareholders $2.26 per share annually in dividends, yielding 4.80%. According to a consensus of 22 analysts, the earnings estimate of $1.06 per share would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.99, which would be a $0.00 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.85 Billion. If reported, that would be a 2.72% increase over the year-ago quarter. In terms of ratings, Buckingham Research Initiated VZ at Neutral (Jul 2, 2015). Previously, JP Morgan downgraded VZ from Overweight to Neutral. Given all the information above, we should disclose to readers that the average price target is $50.68, which is 7.53% above than it 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 Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon’s Wireless Network Ranked #1 for Overall Performance in Alabama by RootMetrics® Market Update (NYSE:VZ): Verizon Wireless Invests $135 Million On Florida Network In First Half Of 2015