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 0.2%. By the end of trading, Verizon Communications fell $0.80 (-1.7%) to $46.51 on heavy volume. Throughout the day, 26,214,410 shares of Verizon Communications exchanged hands as compared to its average daily volume of 14,384,500 shares. The stock ranged in price between $46.42-$47.14 after having opened the day at $47.14 as compared to the previous trading day's close of $47.31. Other companies within the Telecommunications industry that declined today were: Alvarion ( ALVR), down 14.3%, Gogo ( GOGO), down 9.3%, Novatel Wireless ( NVTL), down 6.0% and Internet Gold Golden Lines ( IGLD), down 5.2%.

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 $135.5 billion and is part of the technology sector. Shares are down 3.7% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 10 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, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, GTT Communications ( GTT), up 8.6%, Hong Kong Television Network ( HKTV), up 8.4%, Viasat ( VSAT), up 8.1% and Telecom Argentina ( TEO), up 7.5% , were all gainers within the telecommunications industry with Ciena Corporation ( CIEN) 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.

If you liked this article you might like

3 Names That Could Jump 25% if Big 'What Ifs' Are Answered

3 Names That Could Jump 25% if Big 'What Ifs' Are Answered

Twitter CEO Jack Dorsey: Our Independence Is an Advantage

Twitter CEO Jack Dorsey: Our Independence Is an Advantage

Verizon Defies FCC Agreement, to Start Locking Phones in Spring

Verizon Defies FCC Agreement, to Start Locking Phones in Spring

Cramer: 10 Stock Surprises

Cramer: 10 Stock Surprises

Twitter's Ongoing Turnaround Fuels Stock Gains -- and M&A Hopes

Twitter's Ongoing Turnaround Fuels Stock Gains -- and M&A Hopes