Qualcomm Inc. (QCOM): Today's Featured Telecommunications Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Qualcomm (QCOM) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.8%. By the end of trading, Qualcomm rose 72 cents (1.1%) to $63.29 on average volume. Throughout the day, 10.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13 million shares. The stock ranged in a price between $62.55-$63.34 after having opened the day at $62.90 as compared to the previous trading day's close of $62.57. Other companies within the Telecommunications industry that increased today were: MER Telemanagement Solutions (MTSL), up 40.6%, B Communications (BCOM), up 10.6%, Neonode (NEON), up 8.5%, and NII Holdings (NIHD), up 8.1%.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $104.67 billion and is part of the technology sector. The company has a P/E ratio of 21.1, above the average telecommunications industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 14.1% year to date as of the close of trading on Thursday. Currently there are 32 analysts that rate Qualcomm a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Qualcomm Ratings Report.

On the negative front, Mitel Networks Corporation (MITL), down 7.6%, NTS (NTS), down 7.6%, RIT Technologies (RITT), down 6.2%, and Globalstar Incorporated (GSAT), down 5.4%, were all laggards within the telecommunications industry with Acme Packet (APKT) being today's telecommunications industry laggard.

• Use our telecommunications section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom (IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication (TLL).

• Find other investment ideas from our top rated ETFs lists.

For more information on Qualcomm Inc. click any of the following:

• Qualcomm Inc. Stock Price

• Qualcomm Inc. Analyst Ratings

• Qualcomm Inc. Key Stats & Profile

• Qualcomm Inc. Earnings

• Qualcomm Inc. Ratio Comparison

• Qualcomm Inc. Growth Rates

• Qualcomm Inc. Balance Sheet

• Qualcomm Inc. Cash Flow

• Qualcomm Inc. Income Statement