Verizon Communications Inc (VZ): Today's Featured Telecommunications Winner

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.

Verizon Communications ( VZ) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.6%. By the end of trading, Verizon Communications rose $0.83 (1.8%) to $47.35 on heavy volume. Throughout the day, 18,075,224 shares of Verizon Communications exchanged hands as compared to its average daily volume of 11,938,800 shares. The stock ranged in a price between $46.44-$47.52 after having opened the day at $46.60 as compared to the previous trading day's close of $46.52. Other companies within the Telecommunications industry that increased today were: ARC Group Worldwide ( ARCW), up 17.4%, Trunkbow International Holdings ( TBOW), up 9.0%, Nokia Oyj ( NOK), up 6.9% and eOn Communications Corporation ( EONC), up 4.7%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $133.0 billion and is part of the technology sector. Shares are up 7.4% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Ubiquiti Networks ( UBNT), down 9.7%, Parametric Sound ( PAMT), down 9.0%, Net Element International ( NETE), down 8.6% and Telecom Argentina ( TEO), down 8.2% , were all laggards within the telecommunications industry with Crown Castle International ( CCI) 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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