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 down 0.3%. By the end of trading, Verizon Communications rose $0.68 (1.4%) to $47.69 on average volume. Throughout the day, 31,488,921 shares of Verizon Communications exchanged hands as compared to its average daily volume of 41,911,000 shares. The stock ranged in a price between $46.97-$47.70 after having opened the day at $46.98 as compared to the previous trading day's close of $47.01. Other companies within the Telecommunications industry that increased today were:
), up 11.9%,
), up 5.2%,
), up 4.2% and
), up 3.9%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $195.5 billion and is part of the technology sector. Shares are down 4.3% year to date as of the close of trading on Wednesday. Currently there are 22 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Verizon Communications Ratings Report.
On the negative front,
), down 11.3%,
), down 9.8%,
), down 6.2% and
), down 5.2% , 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.