CenturyLink Inc (CTL): 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.

CenturyLink ( CTL) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 9.9%. By the end of trading, CenturyLink fell $2.03 (-5.6%) to $34.36 on heavy volume. Throughout the day, 15,918,714 shares of CenturyLink exchanged hands as compared to its average daily volume of 5,055,000 shares. The stock ranged in price between $34.25-$35.33 after having opened the day at $35.33 as compared to the previous trading day's close of $36.39. Other companies within the Telecommunications industry that declined today were: Inteliquent ( IQNT), down 21.5%, Net Element International ( NETE), down 6.4%, InfoSonics Corporation ( IFON), down 6.2% and Gogo ( GOGO), down 6.2%.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $22.0 billion and is part of the technology sector. Shares are down 7.0% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Voltari ( VLTC), up 1652.1%, Deltathree ( DDDC), up 19.8%, Otelco Inc. Class A ( OTEL), up 16.2% and I.D. Systems ( IDSY), up 13.6% , were all gainers within the telecommunications industry with Qualcomm ( QCOM) being today's featured telecommunications industry leader.

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.
null

If you liked this article you might like

Jim Cramer: I Remember Earnings

Jim Cramer: I Remember Earnings

Cramer: 10 Stock Surprises

Cramer: 10 Stock Surprises

PayPal, Skyworks Solutions, Cisco Systems: 'Mad Money' Lightning Round

PayPal, Skyworks Solutions, Cisco Systems: 'Mad Money' Lightning Round

Get Your Game Plan Ready: Cramer's 'Mad Money' Recap (Friday 12/15/17)

Get Your Game Plan Ready: Cramer's 'Mad Money' Recap (Friday 12/15/17)

Intel, Praxair, Sogou: 'Mad Money' Lightning Round (12/4/17)

Intel, Praxair, Sogou: 'Mad Money' Lightning Round (12/4/17)