Stock Update (NYSE:VZ): Verizon announces tender offers for 34 tranches of notes issued by Verizon and its subsidiaries

[PR Newswire] – NEW YORK, March 4, 2016 /PRNewswire/ — Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ; LSE: VZC) today announced the commencement of three concurrent, but separate, tender offers … Read more on this. Verizon Communications Inc. (VZ) , valued at $211.67B, began trading this morning at $51.75. Today’s price range has been between $51.50 and $51.98 per share with the price of the stock fluctuating between $38.06 to $52.22 over the last 52 weeks. VZ shares are currently priced at 13.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.78x earnings multiple for the same period. And for income investors, the company pays shareholders $2.26 per share annually in dividends, yielding 4.39%. In a review of the consensus earnings estimate this quarter, 23 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. Furthermore, our analysis shows the full-year EPS estimate to be $3.99, which would be a $0.00 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $32.81 Billion. If reported, that would be a 2.60% 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 $50.33, which is 2.74% below where the stock opened this morning. See more in (NYSE:VZ) Similar Articles: Company Update: Verizon Communications Inc (NYSE:VZ) – Yahoo! (YHOO) Stock Rises on Possible Verizon Bid Stock Update: Verizon Communications Inc (NYSE:VZ) – Is Growth a Problem at Verizon? Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon’s Expected Earnings in 2016