Dow Today: Verizon Communications (VZ) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 150 points (+0.9%) at 16,253 as of Monday, Feb 24, 2014, 10:35 a.m. ET. During this time, 124.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 380.5 million. The NYSE advances/declines ratio sits at 2,180 issues advancing vs. 731 declining with 155 unchanged.
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Holding back the Dow today is Verizon Communications (NYSE: VZ), which is lagging the broader Dow index with a 20-cent decline (-0.4%) bringing the stock to $47.07. Volume for Verizon Communications currently sits at 46.3 million shares traded vs. an average daily trading volume of 16.4 million shares.

Verizon Communications has a market cap of $137.62 billion and is part of the technology sector and telecommunications industry. Shares are down 3.8% year to date as of Friday's close. The stock's dividend yield sits at 4.4%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in stock price during the past year. 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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