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Published: Sun, January 29, 2017
Economy | By Melissa Porter

Verizon-Charter Combo Would Overtake Comcast's Broadband Dominance


Many analysts are providing their Estimated Earnings analysis for Verizon Communications Inc. and for the current quarter 18 analysts have projected that the stock could give an Average Earnings estimate of $1.01/share. In the last Quarter, VZ reported a surprise Earnings per Share of -3.37%. The business earned $32.30 billion during the quarter, compared to analyst estimates of $32.12 billion. The company now has a Return on Equity (ROE) of 14.70% and a Return on Investment (ROI) of 2.90%. During the same period in the previous year, the firm posted $1.04 earnings per share. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright laws. If you are accessing this story on another site, it was stolen and reposted in violation of USA & worldwide copyright laws.

Some in the investment community have argued that Verizon has been setting the stage for just this type of scenario for years - divesting its Fios assets outside the Northeast and shifting its focus toward mobile video. According to the publication, McAdam told friends at the Consumer Electronics Show in Las Vegas recently that he wants a cable company. The 1 year high for the stock price is 56.95 Dollars while the year low share price is now 46.01 USD.

A Verizon Charter merger has been the subject of rumors for a few weeks now, but news today from Dow Jones/Wall Street Journal is heating it up substantially. Q4 report is set for 2/16. This is one that analysts have described as a significantly huge merger in the industry.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

The most immediate reason for Verizon to buy Charter would be to get more fiber plant for Verizon's network. The insider owns 154,045 shares as of less than 0.1%, now worth $7666819.65.

A merger with Charter would produce a profitable mega-network worth an estimated $500 billion at an opportune time. The 50 day moving average of NYSE:VZ is 52.65 and the 200 day moving average is 51.8. If completed, it would be one of the largest deals in history. Stockholders of record on Tuesday, January 10th will be paid a $0.5775 dividend. This represents a $2.31 annualized dividend and a yield of 4.24%. The firm's revenue was down 5.6% on a year-over-year basis. Verizon Communications's payout ratio is now 67.15%. (NYSE: IBM) continued to trade solidly above Buffett's average price of $170.43. Following the sale, the executive vice president now owns 6,047 shares in the company, valued at approximately $298,056.63. (NYSE:VZ) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The stock has added about 22.7% since it reported its last earnings.

01/25/2017 - Verizon Communications Inc. was downgraded to "market perform" by analysts at FBR Capital Markets.

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