3 Telecommunications Stocks Moving The Industry Upward
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 22 points (-0.2%) at 14,556 as of Monday, April 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 762 issues advancing vs. 2,184 declining with 121 unchanged.The Telecommunications industry currently sits down 1.0% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the industry include P.T. Telekomunikasi Indonesia Tbk (TLK), down 2.3%, China Telecom (CHA), down 1.5%, China Unicom (Hong Kong (CHU), down 1.2% and NTT DoCoMo (DCM), down 0.7%.TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:3. Research in Motion (RIMM) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Research in Motion is up $0.76 (5.2%) to $15.20 on average volume Thus far, 38.6 million shares of Research in Motion exchanged hands as compared to its average daily volume of 54.8 million shares. The stock has ranged in price between $14.29-$15.29 after having opened the day at $14.66 as compared to the previous trading day's close of $14.44. Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.8 billion and is part of the technology sector. Shares are up 9.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Research in Motion a buy, 15 analysts rate it a sell, and 13 rate it a hold.TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Research in Motion Ratings Report now.Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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