BCE Inc (BCE): 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.

BCE ( BCE) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.2%. By the end of trading, BCE rose $0.58 (1.4%) to $43.28 on average volume. Throughout the day, 811,859 shares of BCE exchanged hands as compared to its average daily volume of 1,027,500 shares. The stock ranged in a price between $42.86-$43.33 after having opened the day at $43.05 as compared to the previous trading day's close of $42.70. Other companies within the Telecommunications industry that increased today were: Pointer Telocation ( PNTR), up 14.0%, Internet Gold Golden Lines ( IGLD), up 8.7%, Shenandoah Telecommunications ( SHEN), up 6.7% and United States Cellular Corporation ( USM), up 5.7%.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $33.0 billion and is part of the technology sector. Shares are down 0.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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, Glowpoint ( GLOW), down 13.8%, WPCS International ( WPCS), down 10.1%, Elephant Talk Communications ( ETAK), down 9.6% and InfoSonics Corporation ( IFON), down 8.8% , were all laggards within the telecommunications industry with Ciena Corporation ( CIEN) 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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