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 0.1%. By the end of trading, Sprint Nextel rose $0.08 (1.1%) to $7.15 on light volume. Throughout the day, 49,039,933 shares of Sprint Nextel exchanged hands as compared to its average daily volume of 66,597,300 shares. The stock ranged in a price between $7.05-$7.15 after having opened the day at $7.06 as compared to the previous trading day's close of $7.07. Other companies within the Telecommunications industry that increased today were: Envivio ( ENVI), up 14.9%, MER Telemanagement Solutions ( MTSL), up 14.2%, Clearfield ( CLFD), up 13.1% and RIT Technologies ( RITT), up 10.1%.

Sprint Nextel Corporation, through 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 U.S. Virgin Islands. Sprint Nextel has a market cap of $21.2 billion and is part of the technology sector. Shares are up 24.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.

On the negative front, Net Element International ( NETE), down 8.7%, Sky-mobi ( MOBI), down 7.5%, Research in Motion ( BBRY), down 5.7% and Oi ( OIBR), down 4.3% , were all laggards within the telecommunications industry with Harris Corporation ( HRS) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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