Company Update: Verizon Communications Inc (NYSE:VZ) – How Did Verizon’s Wireline Segment Contribute in 1Q16?

[Market Realist] – Verizon’s wireline segment’s revenue fell by ~1.9% year-over-year to reach ~$9.3 billion in 1Q16. In 4Q15, the segment’s revenue fell by ~0.9% YoY. Read more on this. Verizon Communications Inc. (VZ) , currently valued at $208.81B, started trading this morning at $51.22. During the trading session, VZ traded between $51.04 to $51.45 and has traded between $38.06 and $54.49 over the past year. VZ shares are currently priced at 12.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.71x forward p/e ratio. And for income investors, the company pays shareholders $2.26 per share annually in dividends, yielding 4.44%. According to a consensus of 23 analysts, the earnings estimate of $0.99 per share would be $0.05 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $3.96 which would be a $0.03 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $31.26 Billion. If reported, that would be a 2.98% decrease 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 $52.30, which is 2.11% above where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – How Did the AOL Acquisition Affect Verizon’s 1Q16 Revenues? Company Update: Verizon Communications Inc (NYSE:VZ) – Analysts’ Recommendations for Verizon Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction?