Siemens ( SI) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 5.4%. By the end of trading, Siemens rose $2.61 (2.6%) to $103.92 on average volume. Throughout the day, 323,677 shares of Siemens exchanged hands as compared to its average daily volume of 387,300 shares. The stock ranged in a price between $103.52-$104.23 after having opened the day at $103.82 as compared to the previous trading day's close of $101.31. Other companies within the Telecommunications industry that increased today were: Voltari ( VLTC), up 888.7%, Zhone Technologies ( ZHNE), up 15.0%, Sky-mobi ( MOBI), up 11.6% and General Communication ( GNCMA), up 7.8%. Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $85.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Siemens a buy, no analysts rate it a sell, and 6 rate it a hold. TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
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