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 higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.3%. By the end of trading, LM Ericsson Telephone Company rose $0.26 (2.2%) to $11.90 on average volume. Throughout the day, 3,516,068 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4,148,400 shares. The stock ranged in a price between $11.85-$12.12 after having opened the day at $12.09 as compared to the previous trading day's close of $11.64. Other companies within the Telecommunications industry that increased today were:
), up 27.5%,
), up 7.1%,
), up 6.8% and
), up 6.4%.
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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 $38.5 billion and is part of the technology sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 15.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
LM Ericsson Telephone Company
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full LM Ericsson Telephone Company Ratings Report.
On the negative front,
), down 42.9%,
), down 8.5%,
), down 7.9% and
), down 6.9% , were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
- Use our telecommunications section to find industry-relevant news.
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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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