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
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Ericsson Telephone Company fell 12 cents (-1.3%) to $9.44 on average volume. Throughout the day, three million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $9.42-$9.52 after having opened the day at $9.47 as compared to the previous trading day's close of $9.56. Other companies within the Telecommunications industry that declined today were:
), down 13.1%,
), down 12.7%,
), down 11.8%, and
), down 6.7%.
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Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $29.21 billion and is part of the
sector. The company has a P/E ratio of 15.8, above the average telecommunications industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Friday. Currently there are three analysts that rate Ericsson Telephone Company a buy, no analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates Ericsson Telephone Company as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Ericsson Telephone Ratings Report.
On the positive front,
), up 35.6%,
), up 19.7%,
), up 15.7%, and
), up 11.6%, 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.
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