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TheStreet Open House
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4 Telecommunications Stocks Dragging The Industry Down

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 58 points (0.4%) at 15,069 as of Tuesday, Aug. 20, 2013, 1:04 PM ET. The NYSE advances/declines ratio sits at 2,347 issues advancing vs. 659 declining with 81 unchanged.

The Telecommunications industry currently sits up 0.6% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Mobile Telesystems OJSC ( MBT), up 3.9%, BT Group ( BT), up 2.6%, NTT DoCoMo ( DCM), up 2.2%, America Movil S.A.B. de C.V ( AMOV), up 1.6% and China Telecom ( CHA), up 1.5%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Philippine Long Distance Telephone is down $2.31 (-3.3%) to $67.30 on average volume. Thus far, 51,583 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 72,000 shares. The stock has ranged in price between $67.30-$69.30 after having opened the day at $69.25 as compared to the previous trading day's close of $69.61.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. Philippine Long Distance Telephone has a market cap of $15.3 billion and is part of the technology sector. Shares are up 13.5% year to date as of the close of trading on Monday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Philippine Long Distance Telephone 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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