Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.9%. By the end of trading, Verizon Communications rose $1.26 (2.7%) to $47.82 on heavy volume. Throughout the day, 35,272,667 shares of Verizon Communications exchanged hands as compared to its average daily volume of 10,646,500 shares. The stock ranged in a price between $47.57-$48.66 after having opened the day at $48.62 as compared to the previous trading day's close of $46.56. Other companies within the Telecommunications industry that increased today were:
), up 13.1%,
), up 12.6%,
), up 11.1% and
), up 9.7%.
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Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $134.3 billion and is part of the technology sector. Shares are up 8.5% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
. 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Verizon Communications Ratings Report.
On the negative front,
), down 12.3%,
), down 7.0%,
), down 5.8% and
), down 5.7% , 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.