Verizon Communications (NYSE:VZ) hit a new 52-week high Thursday as it is currently trading at $52.79, above its previous 52-week high of $52.49 with 8.8 million shares traded as of 11:26 a.m. ET. Average volume has been 13.8 million shares over the past 30 days.
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 Thursday as it is currently trading at $52.79, above its previous 52-week high of $52.49 with 8.8 million shares traded as of 11:26 a.m. ET. Average volume has been 13.8 million shares over the past 30 days. Verizon has a market cap of $151.73 billion and is part of the technology sector and telecommunications industry. Shares are up 19.7% year to date as of the close of trading on Wednesday. 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 130.8, 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, 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. You can view the full Verizon Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.