The telecommunications industry closed the day down 2%. Clearwire ( CLWR), Globalstar Incorporated ( GSAT), IDT Corporation B ( IDT), and Pendrell ( PCO) were all decliners today within the telecommunications industry with China Unicom (Hong Kong ( CHU) being today's featured telecommunications loser. China Unicom (Hong Kong fell 45 cents (-2.3%) to $19.50 on light volume. Throughout the day, 1.1 million shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 2.1 million shares.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services in the People's Republic of China. China Unicom (Hong Kong has a market cap of $46.6 billion and is part of the technology sector. The company has a P/E ratio of 79, below the average telecommunications industry P/E ratio of 404.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 38.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

On the positive front, Zoom Technologies Inc ( ZOOM), Phazar Corporation ( ANTP), ClearOne Communications Corporation ( CLRO), and Ikanos Communications Inc ( IKAN) were all gainers within the telecommunications industry with Mobile TeleSystems ( MBT) being today's featured telecommunications industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
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