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 63 points (+0.4%) at 16,901 as of Tuesday, Aug 19, 2014, 11:36 a.m. ET. During this time, 96.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.6 million. The NYSE advances/declines ratio sits at 1,905 issues advancing vs. 1,014 declining with 193 unchanged.
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Holding back the Dow today is Verizon Communications (NYSE: VZ), which is lagging the broader Dow index with a 42-cent decline (-0.8%) bringing the stock to $48.36. Volume for Verizon Communications currently sits at 8.3 million shares traded vs. an average daily trading volume of 13.5 million shares.

Verizon Communications has a market cap of $202.29 billion and is part of the technology sector and telecommunications industry. Shares are down 0.7% year-to-date as of Monday's close. The stock's dividend yield sits at 4.3%.

Verizon Communications Inc. 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, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. 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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