The telecommunications industry closed the day down 1.8%. Tekelec ( TKLC), Orsus Xelent Technologies Inc ( ORS), XFONE Inc ( XFN), and RELM Wireless Corporation ( RWC) were all winners today within the telecommunications industry with Telefonica Brasil S.A ( VIV) being today's featured telecommunications winner. Telefonica Brasil S.A rose 27 cents (1%) to $28.42 on heavy volume. Throughout the day, 2.7 million shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.5 million shares. Telecomunicacoes de Sao Paulo S.A.-TELESP provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $31.4 billion and is part of the technology sector. Shares are down 13.7% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Telefonica Brasil as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, 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 somewhat disappointing return on equity.
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