Dow Today: Verizon Communications (VZ) Higher

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 128 points (+0.9%) at 14,028 as of Wednesday, Feb 27, 2013, 12:35 p.m. ET. During this time, 268.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 627.3 million. The NYSE advances/declines ratio sits at 2,258 issues advancing vs. 655 declining with 121 unchanged.
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The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a 20-cent gain (+0.4%) bringing the stock to $46.32. This single gain is lifting the Dow Jones Industrial Average by 1.51 points or roughly accounting for 1.2% of the Dow's overall gain. Volume for Verizon Communications currently sits at seven million shares traded vs. an average daily trading volume of 13.6 million shares.

Verizon Communications has a market cap of $130.48 billion and is part of the technology sector and telecommunications industry. Shares are up 6.6% year to date as of Tuesday's close. The stock's dividend yield sits at 4.5%.

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 147.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

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