Verizon Gears Up For Powerful Answers Awards 2015

Verizon Communication is all set to host the Powerful Answers Award program from the year 2015

In the most recent Verizon stock news, it was seen that the company has been working seriously towards growing its innovation department and towards offering deals and packages that adhere to the policy of the society in accordance. The company was recently seen making an announcement in which it stated that the wireless providers are now taking in suggestions and ideas regarding its Powerful Answers Awards program scheduled to happen in 2015.

This program of Verizon has been taking place for the past two years and this year will mark the third time of such an award program to take within the company. In this award program, the company invites experts, developers and business initiators for a competition worth $6 million with different cash prizes. Apart from that, the wireless company provides a special platform to the people from the industry to incorporate their ideas and suggestions into creating software solutions more easily and efficiently.

Verizon Communications is the largest wireless provider in the United States of America and the company is planning to announce the quarterly earnings report for FY15 in the middle of April. As for the analysts, the expected earnings per share for the quarter are going to be $0.95.

According to Verizon’s stock price today, it was recorded that the company has been facing huge blows in the financial market as the share price that the company is trading on is around 9.77% lower than its 52 week high estimations and its only 7.39% higher than its 52 week low estimated price. The stock of the company is expected to trade between the two ends of $45.09 to $53.66. The price to earnings ratio that was recorded on the stock index by the company came around at 20.01 whereas the estimated P/E by the S&P 500 was disclosed at 18.51.

Currently, Verizon wireless company has a market value amounted up to $201.2 billion. In the last trading session faced by the company on the stock index, it was reported that the stock price of the firm fell to the share price of $48.42. The 50 day average of the moving stock has been estimated at $49.02 while, on the other hand, the 200 day average of the stock has come around at $48.7.

According to the analyst who have covered the stock of the company, it was disclosed that around eighteen analysts firms rated the stock of the company with a ‘buy’ rating whereas thirteen equity firms were seen to have given a ‘hold’ rating to the stock of the firm.