Qualcomm Inc. (QCOM): Today's Featured Telecommunications Laggard

Qualcomm ( QCOM) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Qualcomm fell 76 cents (-1.3%) to $57.68 on average volume. Throughout the day, 12 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13.1 million shares. The stock ranged in price between $57.63-$58.59 after having opened the day at $58.19 as compared to the previous trading day's close of $58.44. Other company's within the Telecommunications industry that declined today were: Elephant Talk Communications ( ETAK), down 15.5%, Phazar Corporation ( ANTP), down 9.3%, Telecom Italia SpA ADR ( TI.A), down 8.5%, and Telefonica ( TEF), down 8.4%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $96.09 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the average telecommunications industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Thursday. Currently there are 32 analysts that rate Qualcomm a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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).
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