Alcatel-Lucent (ALU): 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 was unchanged today. By the end of trading, Alcatel-Lucent rose $0.19 (5.6%) to $3.58 on average volume. Throughout the day, 20,687,503 shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 18,448,800 shares. The stock ranged in a price between $3.40-$3.62 after having opened the day at $3.41 as compared to the previous trading day's close of $3.39. Other companies within the Telecommunications industry that increased today were:
(
), up 10.2%,
(
), up 9.8%,
(
), up 8.0% and
(
), up 7.2%.
Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $8.0 billion and is part of the technology sector. Shares are up 146.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Alcatel-Lucent a buy, 2 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates Alcatel-Lucent as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and feeble growth in its earnings per share.
- You can view the full Alcatel-Lucent Ratings Report.
On the negative front,
(
), down 18.9%,
(
), down 9.2%,
(
), down 7.1% and
BlackBerry
(
BBRY
), down 6.2% , 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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