The telecommunications industry closed the day up 2.1%. Zoom Technologies Inc ( ZOOM), Clearwire ( CLWR), UTStarcom Holdings ( UTSI), and Orsus Xelent Technologies Inc ( ORS) were all decliners today within the telecommunications industry with VimpelCom ( VIP) being today's featured telecommunications loser. VimpelCom fell 22 cents (-2.4%) to $9.10 on average volume. Throughout the day, 4.7 million shares of VimpelCom exchanged hands as compared to its average daily volume of 3.6 million shares. VimpelCom Ltd. operates as an integrated telecommunications services provider, offering voice and data services through a range of wireless, fixed, and broadband technologies. VimpelCom has a market cap of $15.5 billion and is part of the technology sector. The company has a P/E ratio of 7.2, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 38% year to date as of the close of trading on Monday. TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and robust revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
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