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 2.2%. By the end of trading, Qualcomm fell $0.93 (-1.4%) to $66.02 on light volume. Throughout the day, 8,967,365 shares of Qualcomm exchanged hands as compared to its average daily volume of 13,355,800 shares. The stock ranged in price between $65.91-$66.65 after having opened the day at $66.31 as compared to the previous trading day's close of $66.95. Other companies within the Telecommunications industry that declined today were:
), down 31.2%,
), down 17.4%,
), down 15.4% and
), down 14.1%.
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QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $115.2 billion and is part of the technology sector. Shares are up 8.6% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Qualcomm Ratings Report.
On the positive front,
), up 35.3%,
), up 8.3%,
), up 5.0% and
), up 4.9%.
- 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.