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. NEW YORK ( TheStreet) -- Verizon Communications (NYSE: VZ) hit a new 52-week high Tuesday as it is currently trading at $49.63, above its previous 52-week high of $49.59 with 972,605 shares traded as of 9:46 a.m. ET. Average volume has been 13.9 million shares over the past 30 days. Verizon has a market cap of $142.53 billion and is part of the technology sector and telecommunications industry. Shares are up 13.8% year to date as of the close of trading on Monday. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 158.5, above the S&P 500 P/E ratio of 17.7.
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