Stock Update: Verizon Communications Inc (NYSE:VZ) – What You Should Know About Verizon’s Postpaid Price Increase

[at Forbes] – Verizon hiked pricing on its new postpaid plans by $5-10 per month, while providing higher data capacity on most plans and a host of value-added features including data carryover and speed-throttling to eliminate overages, which are already offered by its smaller competitors. (See plan details) Below, we provide some Read more on this. Verizon Communications Inc. (VZ) , valued at $225.24B, opened this morning at $56.10. Looking at the equity, the company’s one day range is $55.25 to $56.14 with a one year range of $38.06 to $56.95. VZ shares are currently priced at 14.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.80x earnings multiple. According to a consensus of 26 analysts, the earnings estimate of $0.95 per share would be $0.09 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $3.91 is a $0.08 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 $31.11 Billion. If realized, that would be a 3.45% decrease over the year-ago quarter. Recently, Bernstein downgraded VZ from Outperform to Mkt Perform (Apr 7, 2016). Previously, Jefferies downgraded VZ from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $52.52, which is 6.38% below than it opened this morning. See more in (NYSE:VZ) Similar Articles: Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon to redeem debt securities Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock is the ‘Chart of the Day’ Stock Update: Verizon Communications Inc (NYSE:VZ) – How Could Verizon Benefit from XO Communications Transaction?