BlackBerry Ltd (BBRY): Today's Featured Telecommunications Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

BlackBerry ( BBRY) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.8%. By the end of trading, BlackBerry fell $0.21 (-2.4%) to $8.67 on light volume. Throughout the day, 17,019,498 shares of BlackBerry exchanged hands as compared to its average daily volume of 24,397,800 shares. The stock ranged in price between $8.57-$8.90 after having opened the day at $8.80 as compared to the previous trading day's close of $8.88. Other companies within the Telecommunications industry that declined today were: Alvarion ( ALVR), down 14.8%, Trunkbow International Holdings ( TBOW), down 8.2%, Zoom Technologies ( ZOOM), down 7.2% and Oi ( OIBR), down 7.1%.

BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $4.6 billion and is part of the technology sector. Shares are down 24.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate BlackBerry a buy, 15 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates BlackBerry 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.

On the positive front, Linktone ( LTON), up 7.5%, eOn Communications Corporation ( EONC), up 6.6%, Elephant Talk Communications ( ETAK), up 4.2% and Novatel Wireless ( NVTL), up 4.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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