Alaska Communications Systems Group, Inc.

• Is Verizon a Good Investment?

  By Meena Krishnamsetty - June 25, 2012 | Tickers: ALSK, T, FTR, S, VZ

  Verizon Communications, Inc. (NYSE: VZ) closed at $43.95 on Friday evening, close to its 52wk high of $44.14 and around its approximate fair value. It has an average P/E ratio of 17.58 against an industry average of 151.22. Based solely on the P/E ratio, Verizon appears to be overvalued. The telecom sector has also been recently labeled as "near overbought" by Bank of America more »