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 0.6%. By the end of trading, BlackBerry fell $0.49 (-4.7%) to $10.00 on light volume. Throughout the day, 20,205,256 shares of BlackBerry exchanged hands as compared to its average daily volume of 28,697,600 shares. The stock ranged in price between $9.95-$10.55 after having opened the day at $10.48 as compared to the previous trading day's close of $10.49. Other companies within the Telecommunications industry that declined today were:
), down 55.3%,
), down 6.5%,
), down 6.3% and
), down 5.9%.
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BlackBerry Limited designs, manufactures, and markets wireless solutions worldwide. BlackBerry has a market cap of $5.4 billion and is part of the technology sector. Shares are up 38.8% year to date as of the close of trading on Thursday. Currently there are no analysts that rate BlackBerry a buy, 7 analysts rate it a sell, and 21 rate it a hold.
TheStreet Ratings rates
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full BlackBerry Ratings Report.
On the positive front,
), up 14.7%,
), up 5.8%,
), up 5.7% and
), up 5.5% , were all gainers within the telecommunications industry with
) being today's featured telecommunications industry leader.
- 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
- Find other investment ideas from our top rated ETFs lists.