Alaska Communications Systems Group, Inc.
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 »