Dow Today: Verizon Communications (VZ) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 72 points (+0.6%) at 12,873 as of Monday, Feb 13, 2012, 1:39 p.m. ET. During this time, 404 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 2,306 issues advancing vs. 685 declining with 87 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 47-cent gain (+1.3%) bringing the stock to $38.16. This single gain is lifting the Dow Jones Industrial Average by 3.56 points or roughly accounting for 4.9% of the Dow's overall gain. Volume for Verizon Communications currently sits at 7.5 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 6.1% 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 17.6, below the average telecommunications industry P/E ratio of 18.2 and equal to 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Verizon Ratings Report.
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