) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Sprint Nextel fell 8 cents (-2.3%) to $3.37 on average volume. Throughout the day, 57.4 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 48 million shares. The stock ranged in price between $3.31-$3.50 after having opened the day at $3.45 as compared to the previous trading day's close of $3.45. Other company's within the Telecommunications industry that declined today were:
), down 11.9%,
), down 9.9%,
), down 9.7%, and
), down 9.6%.
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Sprint Nextel Corporation, together with 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 United States Virgin Islands. Sprint Nextel has a market cap of $10.98 billion and is part of the
sector. Shares are up 47.4% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates Sprint Nextel as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
- You can view the full Sprint Nextel Ratings Report.
On the positive front,
), up 19.2%,
), up 13.2%,
), up 8%, and
), up 7.4%, 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.