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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 up 0.5%. By the end of trading, Qualcomm fell $0.75 (-1.0%) to $72.43 on average volume. Throughout the day, 8,668,068 shares of Qualcomm exchanged hands as compared to its average daily volume of 9,954,500 shares. The stock ranged in price between $72.13-$73.30 after having opened the day at $73.15 as compared to the previous trading day's close of $73.18. Other companies within the Telecommunications industry that declined today were:

Maxcom Telecomunicaciones S.A.B. de C.V



), down 8.3%,

Lumos Networks



), down 6.8%,

Otelco Inc. Class A



TheStreet Recommends

), down 6.3% and




), down 5.8%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $123.2 billion and is part of the technology sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 18.3% year to date as of the close of trading on Wednesday. Currently there are 22 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates


as a


. 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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

InfoSonics Corporation



), up 52.0%,

NII Holdings



), up 22.7%,

Pointer Telocation



), up 10.4% and

eOn Communications Corporation



), up 9.4% , were all gainers within the telecommunications industry with




) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom



) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication




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