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 0.4%. By the end of trading, Sprint Corp (Will be Deleted fell $0.08 (-1.4%) to $5.74 on light volume. Throughout the day, 17,992,213 shares of Sprint Corp (Will be Deleted exchanged hands as compared to its average daily volume of 48,289,800 shares. The stock ranged in price between $5.73-$5.85 after having opened the day at $5.83 as compared to the previous trading day's close of $5.82. Other companies within the Telecommunications industry that declined today were:
), down 14.5%,
), down 9.1%,
), down 5.8% and
), down 4.7%.
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Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Corp (Will be Deleted has a market cap of $16.5 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Sprint Corp (Will be Deleted a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Sprint Corp (Will be Deleted
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.
- You can view the full Sprint Corp (Will be Deleted Ratings Report.
On the positive front,
), up 14.8%,
), up 7.0%,
), up 6.2% and
), up 4.8% , 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.