NEW YORK (

TheStreet

) --

Verizon Communications

(NYSE:

VZ

) hit a new 52-week high Monday as it traded at $37.73 compared with its previous 52-Week high of $37.70. Verizon is changing hands at $37.61 with 1.5 million shares traded as of 9:42 a.m. ET. Average volume has been 19.6 million shares over the past 30 days.

Verizon has a market cap of $104.1 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 4.2% year to date as of the close of trading on Friday.

Verizon Communications Inc. provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. The company has a P/E ratio of 41.3, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Verizon as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Verizon Ratings Report

.

See all

52-week high stocks

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.

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