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. LM Ericsson Telephone Company ( ERIC) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 1.4%. By the end of trading, LM Ericsson Telephone Company rose $0.60 (5.0%) to $12.55 on heavy volume. Throughout the day, 11,193,045 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3,603,700 shares. The stock ranged in a price between $12.23-$12.58 after having opened the day at $12.34 as compared to the previous trading day's close of $11.95. Other companies within the Telecommunications industry that increased today were: Infinera Corporation ( INFN), up 29.0%, xG Technology ( XGTI), up 17.0%, Internet Gold Golden Lines ( IGLD), up 11.3% and Westell Technologies ( WSTL), up 10.2%.
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