Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

AT&T

(

T

) 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, AT&T rose 39 cents (1.1%) to $36.95 on light volume. Throughout the day, 19.7 million shares of AT&T exchanged hands as compared to its average daily volume of 28.3 million shares. The stock ranged in a price between $36.45-$37.04 after having opened the day at $36.46 as compared to the previous trading day's close of $36.56. Other companies within the Telecommunications industry that increased today were:

DragonWave

(

DRWI

), up 19.6%,

Ubiquiti Networks

(

UBNT

), up 17.6%,

RIT Technologies

(

RITT

), up 10.9%, and

Nexxus Lighting

(

NEXS

), up 7.5%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $214.78 billion and is part of the

technology

sector. The company has a P/E ratio of 48.7, below the average telecommunications industry P/E ratio of 50.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 20.9% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate AT&T a buy, one analyst rates it a sell, and 19 rate it a hold.

TheStreet Ratings rates AT&T as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front,

RRSat Global Communications Network

(

RRST

), down 7.3%,

Powerwave Technologies

(

PWAV

), down 6.1%,

MER Telemanagement Solutions

(

MTSL

), down 5.5%, and

Zhone Technologies

(

ZHNE

), down 4.3%, were all laggards within the telecommunications industry with

Research in Motion

(

RIMM

) being today's telecommunications industry laggard.

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

).

null