Verizon Communications is the second largest telecommunications company in the US. Its market cap is $143 billion. It competes with several other companies likes Sprint, AT&T and T-Mobile US. The comp...
any is trading at a forward P/E multiple of 14.46 which is almost the same as that of the S&P 500. Depending upon several different multiples the stock can be valued in a range of $45-$47 The company is trading at premium when compared to AT&T due to the scrip outperforming its competitor in recent years. In the previous quarter Verizon’s earnings grew 16% YoY against 14% growth for AT&T.
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