Dow Jones Industrial Average
) is trading up 43 points (+0.4%) at 12,212 as of Friday, Dec 23, 2011, 10:35 a.m. ET. During this time, 120.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 881.6 million. The NYSE advances/declines ratio sits at 1,703 issues advancing vs. 1,056 declining with 151 unchanged.
The Dow component leading the way higher looks to be
), which is sporting a 48-cent gain (+1.2%) bringing the stock to $39.77. This single gain is lifting the Dow Jones Industrial Average by 3.63 points or roughly accounting for 8.4% of the Dow's overall gain. Volume for Verizon Communications currently sits at 3.5 million shares traded vs. an average daily trading volume of 14.8 million shares.
Verizon Communications has a market cap of $109.37 billion and is part of the
industry. Shares are up 9.8% year to date as of Thursday's close. The stock's dividend yield sits at 5.1%.
Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. The company has a P/E ratio of 15.8, below the average telecommunications industry P/E ratio of 18.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Verizon Communications as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Verizon Ratings Report.