Dow Today: Verizon Communications (VZ) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading down 35 points (-0.3%) at 12,827 as of Monday, Feb 6, 2012, 12:39 p.m. ET. During this time, 300.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,147 issues advancing vs. 1,771 declining with 130 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 16-cent gain (+0.4%) bringing the stock to $38. Volume for Verizon Communications currently sits at 6.2 million shares traded vs. an average daily trading volume of 13.9 million shares.
Verizon Communications has a market cap of $106.99 billion and is part of the
sector and
industry. Shares are down 5.7% year to date as of Friday's close. The stock's dividend yield sits at 5.3%.
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 17.5, below the average telecommunications industry P/E ratio of 18.2 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, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. 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.
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