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 20 points (+0.1%) at 16,521 as of Thursday, Apr 24, 2014, 11:36 a.m. ET. During this time, 154.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 417.7 million. The NYSE advances/declines ratio sits at 1,720 issues advancing vs. 1,191 declining with 214 unchanged.
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Holding back the Dow today is Verizon Communications (NYSE: VZ), which is lagging the broader Dow index with a $1.23 decline (-2.6%) bringing the stock to $46.20. Volume for Verizon Communications currently sits at 21.8 million shares traded vs. an average daily trading volume of 44 million shares. Verizon Communications has a market cap of $198.39 billion and is part of the technology sector and telecommunications industry. Shares are down 3.5% year-to-date as of Wednesday's close. The stock's dividend yield sits at 4.5%. 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 impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.