Sprint Nextel Corp (S): Today's Featured Telecommunications Winner

Sprint Nextel ( S) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.9%. By the end of trading, Sprint Nextel rose 13 cents (3.9%) to $3.46 on average volume. Throughout the day, 59.5 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 52.1 million shares. The stock ranged in a price between $3.29-$3.48 after having opened the day at $3.30 as compared to the previous trading day's close of $3.33. Other companies within the Telecommunications industry that increased today were: RIT Technologies ( RITT), up 5.4%, Ditech Networks Corporation ( DITC), up 4.9%, Sierra Wireless ( SWIR), up 4%, and Multiband Corporation ( MBND), up 3.6%.

Sprint Nextel Corporation, together with its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. Sprint Nextel has a market cap of $9.6 billion and is part of the technology sector. Shares are up 36.8% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front, Internet Gold Golden Lines ( IGLD), down 8.9%, Nexxus Lighting ( NEXS), down 7.9%, ORBCOMM ( ORBC), down 7.8%, and DragonWave ( DRWI), down 6.8%, were all losers within the telecommunications industry with Ericsson Telephone Company ( ERIC) 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).
null

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

North Korea Threats and Fed Actions: Here's How Markets Ended the Week.

S&P 500, Nasdaq Shake Off North Korea Threat to Bounce Higher at Week's End

Sprint T-Mobile Merger Will Have to Contend With This Wonky Number the DOJ Uses

North Korea's Nuclear Threat Pressures Wall Street at Trading Week's End