Verizon Struck with Another Large Data Outage

Verizon Wireless (NYSE:VZ) (NASDAQ:VOD) is coping with its third extensive data service outage this month for 4G LTE devices. Verizon has been relying on getting an early lead on AT&T (NYSE:T) in dispensing LTE services to give it a boost.

Verizon’s support forum users have reported similar problems in areas of Maryland, Georgia, Michigan, Oregon, Pennsylvania, California, Virginia, Washington and Texas.

Here’s how shares of the top three telecom companies are reacting to the news:

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $39.81, down $0.18, or 0.45%. They have traded in a 52-week range of $32.28 to $40.02. Volume today was 4,872,281 shares versus a 3-month average volume of 14,448,700 shares. The company’s trailing P/E is 16.01, while trailing earnings are $2.49 per share.

Vodafone Group plc (NASDAQ:VOD): VOD shares recently traded at $27.41, down $0.44, or 1.58%. They have traded in a 52-week range of $24.31 to $29.75. Volume today was 7,357,681 shares versus a 3-month average volume of 8,262,060 shares. The company’s trailing P/E is 12.81, while trailing earnings are $2.14 per share.

AT&T, Inc. (NYSE:T): T shares recently traded at $30.03, down $0.01, or 0.03%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 10,766,498 shares versus a 3-month average volume of 25,310,200 shares. The company’s trailing P/E is 15.24, while trailing earnings are $1.97 per share.

Sprint Nextel Corp. (NYSE:S): S shares recently traded at $2.25, down $0.07, or 3.02%. They have traded in a 52-week range of $2.10 to $6.45. Volume today was 12,292,458 shares versus a 3-month average volume of 57,163,300 shares. The company’s trailing earnings are $-0.84 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com