Sprint Nextel Corp (S): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.7%. By the end of trading, Sprint Nextel rose $0.12 (1.7%) to $7.18 on light volume. Throughout the day, 56,314,551 shares of Sprint Nextel exchanged hands as compared to its average daily volume of 80,340,800 shares. The stock ranged in a price between $7.07-$7.18 after having opened the day at $7.09 as compared to the previous trading day's close of $7.06. Other companies within the Telecommunications industry that increased today were:
(
), up 14.3%,
(
), up 10.0%,
(
), up 9.7% and
(
), up 8.2%.
Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $21.3 billion and is part of the technology sector. Shares are up 24.5% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Sprint Nextel as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.
- You can view the full Sprint Nextel Ratings Report.
On the negative front,
(
), down 7.0%,
(
), down 6.9%,
eOn Communications Corporation
(
), down 6.4% and
(
), down 4.6% , 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.
null