LM Ericsson Telephone Company ADR Class B (ERIC): Today's Featured Telecommunications Winner

LM Ericsson Telephone Company ADR Class B ( ERIC) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole was unchanged today. By the end of trading, LM Ericsson Telephone Company ADR Class B rose $0.12 (1.1%) to $11.48 on light volume. Throughout the day, 1,458,845 shares of LM Ericsson Telephone Company ADR Class B exchanged hands as compared to its average daily volume of 3,437,800 shares. The stock ranged in a price between $11.45-$11.56 after having opened the day at $11.53 as compared to the previous trading day's close of $11.36. Other companies within the Telecommunications industry that increased today were: Clearfield ( CLFD), up 10.2%, Sky-mobi ( MOBI), up 7.9%, eOn Communications Corporation ( EONC), up 7.2% and Net Element International ( NETE), up 6.2%.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company ADR Class B has a market cap of $37.8 billion and is part of the technology sector. Shares are up 13.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate LM Ericsson Telephone Company ADR Class B a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company ADR Class B as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, MER Telemanagement Solutions ( MTSL), down 9.4%, Alvarion ( ALVR), down 7.3%, InfoSonics Corporation ( IFON), down 6.7% and Linktone ( LTON), down 6.0% , were all laggards within the telecommunications industry with Qualcomm ( QCOM) 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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