Verizon Wireless: Stop Complaining, Issue Resolved

Verizon Wireless (NYSE:VZ) said Thursday it had resolved an “issue” with its high-speed wireless network overnight.  The third widely reported problem in a month.

The country’s biggest wireless service did not provide details about the problem, but said high-speed fourth generation (4G) phone call and text message services were not disrupted and its older third generation (3G) service was operating normally.

Here’s how top telecom stocks are trading after Verizon’s outage resolution:

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $39.98, up $0.22, or 0.55%. They have traded in a 52-week range of $32.28 to $40.04. Volume today was 2,704,156 shares versus a 3-month average volume of 14,308,500 shares. The company’s trailing P/E is 16.08, while trailing earnings are $2.49 per share.

Sprint Nextel Corp. (NYSE:S): S shares recently traded at $2.27, down $0.01, or 0.44%. They have traded in a 52-week range of $2.10 to $6.45. Volume today was 4,493,284 shares versus a 3-month average volume of 56,975,400 shares. The company’s trailing earnings are $-0.84 per share.

AT&T, Inc. (NYSE:T): T shares recently traded at $30.02, up $0.07, or 0.23%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 4,194,869 shares versus a 3-month average volume of 25,231,900 shares. The company’s trailing P/E is 15.23, while trailing earnings are $1.97 per share.

MetroPCS Communications, Inc. (NYSE:PCS): PCS shares recently traded at $8.17, up $0.13, or 1.62%. They have traded in a 52-week range of $7.51 to $18.79. Volume today was 720,824 shares versus a 3-month average volume of 4,735,100 shares. The company’s trailing P/E is 13.35, while trailing earnings are $0.61 per share.

To contact the reporter on this story: Jim Wilkerson at staff.writers@wallstcheatsheet.com

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