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 13 points at 15,337 as of Friday, May 31, 2013, 12:35 p.m. ET. During this time, 286 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 590.9 million. The NYSE advances/declines ratio sits at 963 issues advancing vs. 1,995 declining with 88 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a 49-cent gain (+1%) bringing the stock to $49.57. This single gain is lifting the Dow Jones Industrial Average by 3.71 points or roughly accounting for 28.5% of the Dow's overall gain. Volume for Verizon Communications currently sits at 8.2 million shares traded vs. an average daily trading volume of 12.7 million shares.
Verizon Communications has a market cap of $147.1 billion and is part of the technology sector and telecommunications industry. Shares are up 13.4% year to date as of Thursday's close. The stock's dividend yield sits at 4.2%.
Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 123.9, 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, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. 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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