SureWest Stock Soars (SURW)

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.

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