Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon CFO to speak at MoffettNathanson Summit May 19

[PR Newswire] – NEW YORK, May 18, 2016 /PRNewswire/ — Fran Shammo, executive vice president and chief financial officer for Verizon Communications Inc. (NYSE, Nasdaq: VZ), will speak at the MoffettNathanson Media & Communications … Read more on this. Verizon Communications Inc. (VZ) , currently valued at $206.55B, started the session at $50.92. During today’s session, VZ traded between $50.54 to $50.93 with a trailing 52-week range being $38.06 to $54.49. VZ shares are currently priced at 12.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x earnings multiple. And for passive 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 better than last year. 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. More recently, Bernstein downgraded VZ from Outperform to Mkt Perform (Apr 7, 2016). Previously, Jefferies downgraded VZ from Buy to Hold. The average price target for VZ shares by the analysts covering it is $52.30, which is 2.71% above where the stock opened. See more in (NYSE:VZ) Similar Articles: Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon’s Value Proposition in the US Telecom Market Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon (VZ) Stock is the ‘Chart of the Day’ Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer