2. As of noon trading, Verizon Communications ( VZ) is up $1.13 (2.18) to $52.93 on heavy volume Thus far, 11.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $52.36-$53.20 after having opened the day at $52.48 as compared to the previous trading day's close of $51.80. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $151.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 130.8, above the S&P 500 P/E ratio of 17.7. Shares are up 19.7% year to date as of the close of trading on Wednesday. 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. Get the full Verizon Communications Ratings Report now. 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.