Dow Today: Verizon Communications (VZ) Lower

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.

The Dow Jones Industrial Average ( ^DJI) is trading up 12 points at 13,340 as of Monday, Oct 15, 2012, 10:35 a.m. ET. During this time, 150.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 574.5 million. The NYSE advances/declines ratio sits at 1,313 issues advancing vs. 1,471 declining with 176 unchanged.
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Holding back the Dow today is Verizon Communications (NYSE: VZ), which is lagging the broader Dow index with a 44-cent decline (-1%) bringing the stock to $44.18. Volume for Verizon Communications currently sits at 6.5 million shares traded vs. an average daily trading volume of 13.2 million shares.

Verizon Communications has a market cap of $128.77 billion and is part of the technology sector and telecommunications industry. Shares are up 11.2% year to date as of Friday's close. The stock's dividend yield sits at 4.6%.

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 44.8, 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 buy. 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.

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