Dow Today: Verizon Communications (VZ) Higher

The Dow Jones Industrial Average ( ^DJI) is trading down 67 points (-0.5%) at 12,667 as of Friday, Jan 27, 2012, 1:40 p.m. ET. During this time, 369.8 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 1,666 issues advancing vs. 1,233 declining with 127 unchanged.

The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a four-cent gain to $37.38. Volume for Verizon Communications currently sits at 9.4 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 technology sector and telecommunications industry. Shares are down 6.9% year to date as of Thursday'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 17.5, below the average telecommunications industry P/E ratio of 18.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

null

More from Markets

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens