Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Dow Jones Industrial Average
) is trading up 100 points (+0.7%) at 13,513 as of Thursday, Sep 27, 2012, 1:35 p.m. ET. During this time, 322.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 578.1 million. The NYSE advances/declines ratio sits at 2,297 issues advancing vs. 670 declining with 102 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a 28-cent gain (+0.6%) bringing the stock to $45.88. This single gain is lifting the Dow Jones Industrial Average by 2.19 points or roughly accounting for 2.2% of the Dow's overall gain. Volume for Verizon Communications currently sits at 10.6 million shares traded vs. an average daily trading volume of 12.6 million shares.
Verizon Communications has a market cap of $129.97 billion and is part of the
industry. Shares are up 13.7% year to date as of Wednesday's close. The stock's dividend yield sits at 4.5%.
Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 45.2, equal to the average telecommunications industry P/E ratio and above 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, expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Verizon Ratings Report.
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