Verizon Communications Inc (VZ): 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 1.3%. By the end of trading, Verizon Communications rose 30 cents (0.7%) to $41.75 on light volume. Throughout the day, 7.7 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 14.5 million shares. The stock ranged in a price between $41.50-$41.84 after having opened the day at $41.65 as compared to the previous trading day's close of $41.45. Other companies within the Telecommunications industry that increased today were:
China TechFaith Wireless Comm Tech
(
), up 23.8%,
(
), up 16.2%,
(
), up 15.2%, and
TheStreet Recommends
(
), up 10.9%.
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 $117.76 billion and is part of the
sector. The company has a P/E ratio of 44.6, above the average telecommunications industry P/E ratio of 44.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Verizon Communications a buy, one analyst rates it a sell, and 16 rate it a hold.
TheStreet Ratings rates Verizon Communications as a
. 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.
- You can view the full Verizon Ratings Report.
On the negative front,
(
), down 14%,
(
), down 9.4%,
(
), down 7.1%, and
(
), down 6.1%, were all losers within the telecommunications industry with
(
) 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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