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 was unchanged today. By the end of trading, LM Ericsson Telephone Company fell $0.16 (-1.2%) to $13.65 on heavy volume. Throughout the day, 4,919,496 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 2,794,300 shares. The stock ranged in price between $13.64-$13.72 after having opened the day at $13.68 as compared to the previous trading day's close of $13.81. Other companies within the Telecommunications industry that declined today were:
), down 18.9%,
), down 9.2%,
), down 7.1% and
), down 6.2%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $45.6 billion and is part of the technology sector. Shares are up 36.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
LM Ericsson Telephone Company
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full LM Ericsson Telephone Company Ratings Report.
On the positive front,
), up 10.2%,
), up 9.8%,
), up 8.0% and
), up 7.2% , 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.