Dow Jones (DJIA) 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..

The Dow Jones Industrial Average ( ^DJI) is trading down 24.0 points (-0.1%) at 18,081 as of Tuesday, May 12, 2015, 11:36 a.m. ET. During this time, 130.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 368.4 million. The NYSE advances/declines ratio sits at 1,072 issues advancing vs. 1,909 declining with 140 unchanged.
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Holding back the Dow today is Verizon Communications (NYSE: VZ), which is lagging the broader Dow index with a 33-cent decline (-0.7%) bringing the stock to $49.47. This single loss is lowering the Dow Jones Industrial Average by 2.5 points or roughly accounting for 10.4% of the Dow's overall loss. Volume for Verizon Communications currently sits at 10.2 million shares traded vs. an average daily trading volume of 15 million shares.

Verizon Communications has a market cap of $204.5 billion and is part of the technology sector and telecommunications industry. Shares are up 7.2% year-to-date as of Monday'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, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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