Siemens AG (SI): Today's Featured Telecommunications Winner
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 higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.6%. By the end of trading, Siemens rose $1.53 (1.4%) to $107.90 on heavy volume. Throughout the day, 643,567 shares of Siemens exchanged hands as compared to its average daily volume of 383,100 shares. The stock ranged in a price between $106.85-$108.24 after having opened the day at $106.91 as compared to the previous trading day's close of $106.37. Other companies within the Telecommunications industry that increased today were:
(
), up 63.4%,
(
), up 12.5%,
(
), up 7.7% and
Alaska Communications Systems Group
(
), up 6.8%.
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 $91.5 billion and is part of the industrial goods sector. Shares are down 0.1% 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 6 rate it a hold.
TheStreet Ratings rates
Siemens
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations 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.
- You can view the full Siemens Ratings Report.
On the negative front,
(
), down 13.2%,
(
), down 9.7%,
(
), down 6.3% and
eOn Communications Corporation
(
), down 6.1% , were all laggards within the telecommunications industry with
(
) 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
(
) 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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