Worst Sector in February: Communication Services

NEW YORK ( TheStreet) -- Communication services, health care and basic materials were the worst-performing sectors in February, according to Morningstar.

Communication services returned 3.16% in February. Health care's total return during the month was 3.26%; basic materials had a total return of 3.59%.

Some of the worst performers in the sector included: Rogers Communications ( RCI), American Tower ( AMT) and Cablevision Systems ( CVC).

American Tower

Shares of the wireless and broadcast communications company lost 1.46% in February.

Shares of American Tower hit a 52-week high on Feb. 15 of $64.55. The stock's 52-week low of $45.58 was set on March 21.

American Tower has an estimated price-to-earnings ratio for next year of 31.91; the average for mobile telecommunications companies is 19.12. For comparison, MetroPCS ( PCS) has a lower forward P/E of 9.3.

Twenty-two of the 25 analysts who cover American Tower rated it buy. Two analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives American Tower an A- grade with a buy rating and a $73.82 price target.

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Rogers Communications

The stock of the communications and media company had a total loss in February of 0.39%.

Ten of the 20 analysts who cover Rogers rated it hold. Nine analysts rated the stock a buy and one analyst rated it sell.

Rogers Communications gets a B grade from TheStreet Ratings with a buy rating and a $44.14 price target.


Cablevision Systems

Shares of Cablevision, the media and telecommunications company, fell 2.2% in February.

Cablevision Systems has a forward P/E of 11.63; the average for broadcast and entertainment companies is 236.95. For comparison, Scripps Networks Interactive's ( SNI) P/E is 12.65.

Eleven of the 27 analysts who cover Cablevision Systems rated it buy. Ten analysts gave the stock a hold rating and six rated it sell.

TheStreet Ratings gives Cablevision Systems a C grade and a hold rating.

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The worst performers in the communication services sector in February were Helenic Telecom, down 14.06%; Telecom Argentina, off 11.89%; and Nortel Inversora, down 10.82%.

-- Written by Alexandra Zendrian

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