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3 Stocks Pushing The Telecommunications 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.

The Telecommunications industry as a whole closed the day down 0.8% versus the S&P 500, which was down 0.4%. Laggards within the Telecommunications industry included Optical Cable ( OCC), down 1.7%, Technical Communications ( TCCO), down 2.7%, Net Element ( NETE), down 22.4%, Internet Initiative Japan ( IIJI), down 2.5% and Iteris ( ITI), down 2.4%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Nippon Telegraph & Telephone ( NTT) is one of the companies that pushed the Telecommunications industry lower today. Nippon Telegraph & Telephone was down $0.57 (1.8%) to $31.61 on heavy volume. Throughout the day, 544,187 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 283,200 shares. The stock ranged in price between $31.43-$31.69 after having opened the day at $31.56 as compared to the previous trading day's close of $32.18.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $70.7 billion and is part of the technology sector. Shares are up 19.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Nippon Telegraph & Telephone 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, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from TheStreet Ratings analysis on NTT go as follows:

  • The revenue growth greatly exceeded the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 34.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.04, which illustrates the ability to avoid short-term cash problems.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • NIPPON TELEGRAPH & TELEPHONE reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, NIPPON TELEGRAPH & TELEPHONE increased its bottom line by earning $2.47 versus $2.29 in the prior year. This year, the market expects an improvement in earnings ($2.60 versus $2.47).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Diversified Telecommunication Services industry. The net income increased by 179.8% when compared to the same quarter one year prior, rising from $387.37 million to $1,083.85 million.

You can view the full analysis from the report here: Nippon Telegraph & Telephone Ratings Report

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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