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TheStreet Open House
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3 Stocks Pulling The Telecommunications Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Telecommunications industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Nokia Oyj ( NOK), down 2.4%, Telecom Italia SpA ( TI), down 2.0% and Telecom Italia SpA ( TI.A), down 2.0%. Top gainers within the industry include American Tower ( AMT), up 2.6%, Qualcomm ( QCOM), up 1.6%, NTT DoCoMo ( DCM), up 1.1%, BT Group ( BT), up 1.0% and Siemens ( SI), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.27 (-1.8%) to $14.56 on light volume. Thus far, 94,308 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 488,800 shares. The stock has ranged in price between $14.38-$14.60 after having opened the day at $14.39 as compared to the previous trading day's close of $14.83.

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 $12.7 billion and is part of the technology sector. Shares are down 8.1% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates 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, increase in stock price during the past year 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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