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 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.The Telecommunications industry currently sits down 0.62 versus the S&P 500, which is down 0.61. A company within the industry that increased today was Telefonica (TEF), up 0.52. On the negative front, top decliners within the industry include China Telecom (CHA), down 0.91, America Movil S.A.B. de C.V (AMX), down 0.40 and America Movil S.A.B. de C.V (AMOV), down 0.44.TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:3. Turkcell Iletisim Hizmetleri AS (TKC) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Turkcell Iletisim Hizmetleri AS is up $0.80 (5.82) to $14.46 on heavy volume Thus far, 350,177 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 449,700 shares. The stock has ranged in price between $14.14-$14.55 after having opened the day at $14.22 as compared to the previous trading day's close of $13.66. Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network primarily in Turkey. It provides mobile voice, broadband, and other services on postpaid and prepaid basis. Turkcell Iletisim Hizmetleri AS has a market cap of $12.2 billion and is part of the technology sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 15.4% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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