Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock is the ‘Chart of the Day’

[at TheStreet] – TheStreet’s Chris Versace and Bob Lang said Verizon (VZ) stock could resume its uptrend here. Read more on this. Verizon Communications Inc. (VZ) , with a current value of $217.89B, opened at $53.57. A quick look at the market, the company’s stock traded between $53.20 and $53.73 with a trailing 52-week range being $38.06 to $53.85. Priced at 13.42x this year’s forecasted earnings, VZ shares are relatively inexpensive compared to the industry’s 18.05x forward p/e ratio. The company pays shareholders $2.26 per share in dividend income per year, for a current yield of 4.22%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.06 per share, which would be $0.04 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 based on a consensus revenue forecast of the current quarter of $32.69 Billion. If realized, that would be a 2.22% 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. With the above information in mind, readers should note that the average price target is $50.50, which is 5.73% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction? 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 (VZ) Stock Gains on Unlimited Data Plan Hike