Verizon Communications Inc (VZ): 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.

Verizon Communications ( VZ) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Verizon Communications fell $0.72 (-1.5%) to $47.03 on heavy volume. Throughout the day, 18,652,585 shares of Verizon Communications exchanged hands as compared to its average daily volume of 11,591,300 shares. The stock ranged in price between $46.95-$47.75 after having opened the day at $47.65 as compared to the previous trading day's close of $47.75. Other companies within the Telecommunications industry that declined today were: WPCS International ( WPCS), down 8.9%, RigNet ( RNET), down 7.9%, China TechFaith Wireless Comm Tech ( CNTF), down 7.4% and Westell Technologies ( WSTL), down 6.7%.

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 $135.9 billion and is part of the technology sector. The company has a P/E ratio of 62.5, above the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Friday. Currently there are 20 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 8 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 positive front, NII Holdings ( NIHD), up 24.4%, Ceragon Networks ( CRNT), up 14.8%, xG Technology ( XGTI), up 8.4% and eOn Communications Corporation ( EONC), up 6.7% , were all gainers within the telecommunications industry with VimpelCom ( VIP) 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.

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