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CHU, TLK And VZ, 3 Telecommunications Stocks Pushing The Industry Lower

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is unchanged. A company within the industry that fell today was American Tower ( AMT), up 1.3%. A company within the industry that increased today was Telecom Italia SpA ( TI), up 2.4%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, China Unicom (Hong Kong is down $0.42 (-3.1%) to $13.08 on light volume. Thus far, 219,275 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 614,000 shares. The stock has ranged in price between $13.00-$13.16 after having opened the day at $13.13 as compared to the previous trading day's close of $13.50.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $31.6 billion and is part of the technology sector. Shares are down 11.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full China Unicom (Hong Kong 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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