Stock Update (NYSE:VZ): Verizon Traded above Its 100-Day Moving Average, Topping the Dow

[Market Realist] – Verizon Communications (VZ) is trading 11.5% above its 100-day moving average. The stock crossed its 100-day moving average on January 21, 2016. Read more on this. Verizon Communications Inc. (VZ) , valued at $203.89B, opened this morning at $50.06. Looking at today’s trading action, the company’s one day range from $49.35 to $50.61 and has traded between $38.06 and $51.20 over the past 12 months. VZ shares are currently priced at 12.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.50x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.26 per share annually in dividends, yielding 4.43%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $1.06 per share, which would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $3.99 is a $0.00 worse when compared to the previous 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, DA Davidson Initiated VZ at Neutral (Feb 4, 2016). Previously, Buckingham Research Initiated VZ at to Neutral. With the above information in mind, readers should note that the average price target is $50.80, which is 1.48% above 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) – Verizon’s Expected Earnings in 2016 Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon Go90 Takes Spotlight From FiOS Custom TV