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 higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 2.0%. By the end of trading, Verizon Communications rose $0.59 (1.2%) to $47.90 on heavy volume. Throughout the day, 51,189,563 shares of Verizon Communications exchanged hands as compared to its average daily volume of 33,944,600 shares. The stock ranged in a price between $47.47-$48.39 after having opened the day at $47.54 as compared to the previous trading day's close of $47.31. Other companies within the Telecommunications industry that increased today were: Pendrell ( PCO), up 17.8%, eOn Communications Corporation ( EONC), up 14.7%, xG Technology ( XGTI), up 11.8% and DSP Group ( DSPG), up 11.2%. 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 $197.0 billion and is part of the technology sector. Shares are down 3.7% year to date as of the close of trading on Monday. Currently there are 22 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, 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.
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