Sprint Nextel Corp (S): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.5%. By the end of trading, Sprint Nextel rose 9 cents (3.6%) to $2.62 on average volume. Throughout the day, 62.4 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 49.5 million shares. The stock ranged in a price between $2.52-$2.65 after having opened the day at $2.52 as compared to the previous trading day's close of $2.53. Other companies within the Telecommunications industry that increased today were:
(
), up 15%,
(
), up 9%,
(
), up 8.9%, and
TheStreet Recommends
(
), up 8.3%.
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 $7.23 billion and is part of the
sector. Shares are up 8.1% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 16 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 negative front,
(
), down 16.3%,
(
), down 11%,
(
), down 9%, and
(
), down 6.6%, were all losers within the telecommunications industry with
P.T. Telekomunikasi Indonesia Tbk
(
) being today's telecommunications industry loser.
- 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
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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