Verizon Communications Inc (VZ): Today's Featured Telecommunications Loser - TheStreet

Verizon Communications

(

VZ

) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 1.4%. By the end of trading, Verizon Communications fell 30 cents (-0.7%) to $43.65 on average volume. Throughout the day, 11.5 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.9 million shares. The stock ranged in price between $43.39-$43.78 after having opened the day at $43.60 as compared to the previous trading day's close of $43.95. Other company's within the Telecommunications industry that declined today were:

Ambient Corporation

(

AMBT

), down 25.2%,

B Communications

(

BCOM

), down 15.6%,

Powerwave Technologies

(

PWAV

), down 11%, and

Internet Gold Golden Lines

(

IGLD

), down 9.9%.

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Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline. Verizon Communications has a market cap of $123.1 billion and is part of the

technology

sector. The company has a P/E ratio of 46.6, above the average telecommunications industry P/E ratio of 46.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Verizon Communications a buy, one analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Verizon Communications as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front,

Globalstar Incorporated

(

GSAT

), up 27.9%,

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

(

MXT

), up 13.5%,

Elephant Talk Communications

(

ETAK

), up 11%, and

Alaska Communications Systems Group

(

ALSK

), up 10.6%, were all gainers within the telecommunications industry with

InterDigital

(

IDCC

) being today's featured telecommunications industry winner.

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

(

IYZ

) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication

(

TLL

).

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