Level 3 Communications Inc (LVLT): 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.

Level 3 Communications ( LVLT) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 15.3%. By the end of trading, Level 3 Communications rose $0.37 (1.4%) to $26.69 on light volume. Throughout the day, 1,141,769 shares of Level 3 Communications exchanged hands as compared to its average daily volume of 1,604,200 shares. The stock ranged in a price between $25.76-$26.69 after having opened the day at $25.97 as compared to the previous trading day's close of $26.32. Other companies within the Telecommunications industry that increased today were: Motricity ( MOTR), up 1398.6%, Voltari ( VLTC), up 1398.6%, Alvarion ( ALVR), up 39.0% and Internet Gold Golden Lines ( IGLD), up 10.7%.

Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, and Europe. Level 3 Communications has a market cap of $5.9 billion and is part of the technology sector. Shares are up 14.6% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Level 3 Communications a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Level 3 Communications as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the negative front, Alteva ( ALTV), down 34.8%, Deltathree ( DDDC), down 23.1%, PT Indosat TBK ( IIT), down 12.7% and RIT Technologies ( RITT), down 9.6% , were all laggards within the telecommunications industry with Nokia Oyj ( NOK) 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).

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