Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.3%. By the end of trading, Verizon Communications rose 48 cents (1.1%) to $44.73 on average volume. Throughout the day, 11.6 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13 million shares. The stock ranged in a price between $44.02-$44.86 after having opened the day at $44.17 as compared to the previous trading day's close of $44.25. Other companies within the Telecommunications industry that increased today were:
), up 29.2%,
), up 17.3%,
), up 16.1%, and
), up 10.7%.
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Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $126.01 billion and is part of the technology sector. The company has a P/E ratio of 43.8, above the average telecommunications industry P/E ratio of 41 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Thursday. Currently there are 13 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
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Verizon Ratings Report.
On the negative front,
), down 10.3%,
), down 9%,
), down 8.2%, and
), down 7.7%, were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
- 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.
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