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BlackBerry Ltd (BBRY): Today's Featured Telecommunications Laggard

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.

BlackBerry ( BBRY) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 1.0%. By the end of trading, BlackBerry fell $0.23 (-2.9%) to $7.73 on average volume. Throughout the day, 23,592,562 shares of BlackBerry exchanged hands as compared to its average daily volume of 27,008,400 shares. The stock ranged in price between $7.67-$7.99 after having opened the day at $7.96 as compared to the previous trading day's close of $7.96. Other companies within the Telecommunications industry that declined today were: Alteva ( ALTV), down 33.5%, Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 16.6%, Oi ( OIBR), down 13.1% and Sky-mobi ( MOBI), down 10.4%.

BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $4.4 billion and is part of the technology sector. Shares are down 28.1% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates BlackBerry a buy, 8 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

On the positive front, Zoom Technologies ( ZOOM), up 16.5%, CalAmp Corporation ( CAMP), up 14.2%, eOn Communications Corporation ( EONC), up 11.0% and PT Indosat TBK ( IIT), up 10.5%.

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).

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