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Verizon is looking like a great stock |
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trading around $37 a share. |
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Released on Monday, September 19, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Verizon Communications, Inc. (NYSE:VZ) is looking like a great stock trading at $36.72 as of the markets close on Friday, September 16th, 2011.
The company has an EPS of $2.24 and is priced at 16.39 times the earnings which the company reported to be $1.6 Billion in the last quarter. A quick ratio of 1.21 reveals a nice amount of strength in the company’s financials, nothing over leveraged, but they also aren't wasting earnings potential.
The company’s stock is running at the high end of its 52-week range between $31.38 and $38.95 a share. Verizon’s beta is interestingly 0.62, meaning that it moves with the market but to a lesser degree, a stable stock to work with which is padded against general market volatility.
In recent months Verizon has been under some corporate problems with recent strikes from their branch employees. However, those strike problems have subsided and the company seems to be better than ever. The new product line tied to Apple, Inc. products, such as the iPhone and iPad will be sure to take a portion of the AT&T market, and increase sales dramatically.
Going forward, VZ might make a good stock to invest in, as it holds a dividend of 0.50 annually which is roughly a 5.45 % yield, not to mention it's in a rather nice upward trend.
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