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.
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.8%. By the end of trading, BlackBerry fell $0.21 (-2.4%) to $8.67 on light volume. Throughout the day, 17,019,498 shares of BlackBerry exchanged hands as compared to its average daily volume of 24,397,800 shares. The stock ranged in price between $8.57-$8.90 after having opened the day at $8.80 as compared to the previous trading day's close of $8.88. Other companies within the Telecommunications industry that declined today were:
(
), down 14.8%,
Trunkbow International Holdings
(
), down 8.2%,
(
), down 7.2% and
(
), down 7.1%.
BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $4.6 billion and is part of the technology sector. Shares are down 24.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate BlackBerry a buy, 15 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
BlackBerry
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.
- You can view the full BlackBerry Ratings Report.
On the positive front,
(
), up 7.5%,
eOn Communications Corporation
(
), up 6.6%,
(
), up 4.2% and
(
), up 4.2%.
- 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
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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