Verizon Stock Hits New 52-Week High (VZ) - TheStreet

NEW YORK (

TheStreet

) --

Verizon Communications

(NYSE:

VZ

) hit a new 52-week high Friday as it is currently trading at $44.30, above its previous 52-week high of $44.14 with 770,324 shares traded as of 9:35 a.m. ET. Average volume has been 14.8 million shares over the past 30 days.

Verizon has a market cap of $124.38 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 9.1% year to date as of the close of trading on Thursday.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline. The company has a P/E ratio of 47.1, above the average telecommunications industry P/E ratio of 46.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Verizon as a

buy

. 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 poor debt management on most measures that we evaluated. You can view the full

Verizon Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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