NEW YORK ( TheStreet) -- Shares of SureWest Communications (Nasdaq: SURW) have taken a tremendous swing upward. The stock is trading at $22.04 as of 9:30 a.m. ET, 41.3% above Friday's closing price of $15.59. Volume is at 27,214, 0.6 times the daily average of 47,300. SureWest has a market cap of $206.4 million and is part of the technology sector and telecommunications industry. Shares are up 29.6% year to date as of the close of trading on Friday. SureWest Communications, through its subsidiaries, provides telecommunications, digital video, Internet, data, and other facilities-based communications services in northern California, the greater Kansas City, and Kansas and Missouri areas. The company has a P/E ratio of 94.4, above the average telecommunications industry P/E ratio of 91.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SureWest as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full SureWest Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.