3 Stocks Raising The Telecommunications Industry Higher
1. As of noon trading, Siemens ( SI) is up $0.87 (0.81) to $108.18 on heavy volume Thus far, 337,771 shares of Siemens exchanged hands as compared to its average daily volume of 363,900 shares. The stock has ranged in price between $107.78-$108.42 after having opened the day at $108.06 as compared to the previous trading day's close of $107.31. Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $90.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Siemens a buy, no analysts rate it a sell, and 7 rate it a hold. TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Siemens Ratings Report now. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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.
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