Verizon Shares Up 1.5% Despite US Government Investigation

Verizon (NYSE:VZ) manages to climb a bit even as Bloomberg reports the U.S. government plans to investigate its spectrum purchase/reseller deals with cable providers. Comcast (NASDAQ:CMCSA) and Time Warner Cable (NYSE:TWC) also show defiant gains, although slight.

Here’s how these stocks are reacting to the news:

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $39.21, up $0.58, or 1.5%. They have traded in a 52-week range of $32.28 to $39.35. Volume today was 20,106,644 shares versus a 3-month average volume of 15,531,500 shares. The company’s trailing P/E is 15.77, while trailing earnings are $2.49 per share. Get the most recent company news and stock data here >>

Comcast Corporation (NASDAQ:CMCSA): CMCSA shares recently traded at $23.40, up $0.53, or 2.32%. They have traded in a 52-week range of $19.19 to $27.16. Volume today was 18,835,063 shares versus a 3-month average volume of 19,352,700 shares. The company’s trailing P/E is 16.83, while trailing earnings are $1.39 per share. Get the most recent company news and stock data here >>

Time Warner Cable Inc. (NYSE:TWC): TWC shares recently traded at $62.40, up $1.49, or 2.45%. They have traded in a 52-week range of $57.15 to $80.86. Volume today was 2,229,367 shares versus a 3-month average volume of 2,708,790 shares. The company’s trailing P/E is 14.41, while trailing earnings are $4.33 per share. Get the most recent company news and stock data here >>