Research In Motion Ltd (BBRY): Today's Featured Telecommunications Laggard

Jul 5, 2013 5:01 PM EDT

Research in Motion ( BBRY) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Research in Motion fell $0.10 (-1.0%) to $9.55 on light volume. Throughout the day, 19,127,954 shares of Research in Motion exchanged hands as compared to its average daily volume of 27,104,300 shares. The stock ranged in price between $9.50-$9.88 after having opened the day at $9.65 as compared to the previous trading day's close of $9.65. Other companies within the Telecommunications industry that declined today were: Alvarion ( ALVR), down 6.0%, RIT Technologies ( RITT), down 5.6%, NII Holdings ( NIHD), down 5.3% and DragonWave ( DRWI), down 5.3%.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $5.0 billion and is part of the technology sector. Shares are down 18.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Research in Motion a buy, 17 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

You can view the full Research in Motion Ratings Report.

On the positive front, Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), up 15.6%, Glowpoint ( GLOW), up 7.3%, SK Telecom ( SKM), up 6.9% and B Communications ( BCOM), up 6.5% , were all gainers within the telecommunications industry with Nokia Oyj ( NOK) being today's featured telecommunications industry leader.

Use our telecommunications section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

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).