China Unicom (Hong Kong ( CHU) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.8%. By the end of trading, China Unicom (Hong Kong rose 47 cents (2.3%) to $20.86 on light volume. Throughout the day, 1.3 million shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $20.69-$21.17 after having opened the day at $21.01 as compared to the previous trading day's close of $20.39. Other companies within the Telecommunications industry that increased today were: ClearOne Communications Corporation ( CLRO), up 19.4%, Dialogic Inc ( DLGC), up 12.7%, MER Telemanagement Solutions ( MTSL), up 12.5%, and B Communications ( BCOM), up 10.1%.

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 $50.07 billion and is part of the technology sector. The company has a P/E ratio of 85, below the average telecommunications industry P/E ratio of 435.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 43.2% year to date as of the close of trading on Wednesday.

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, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the negative front, Alaska Communications Systems Group Inc ( ALSK), down 8.9%, XFONE Inc ( XFN), down 8%, Linktone ( LTON), down 6.5%, and RIT Technologies ( RITT), down 4.9%, were all losers within the telecommunications industry with Telefonica Brasil S.A ( VIV) being today's telecommunications industry loser.

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).