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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

3 Telecommunications Stocks Moving The Industry Upward

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the industry include KT Corporation ( KT), up 3.2%, Telecom Italia SpA ( TI.A), up 2.9%, Telecom Italia SpA ( TI), up 2.3%, China Unicom (Hong Kong ( CHU), up 1.0% and America Movil SAB de CV ( AMOV), up 0.8%. A company within the industry that fell today was Verizon Communications ( VZ), up 0.7%.

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

3. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Mobile Telesystems OJSC is up $0.34 (2.0%) to $17.61 on light volume. Thus far, 622,840 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $17.30-$17.65 after having opened the day at $17.35 as compared to the previous trading day's close of $17.27.

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $17.9 billion and is part of the technology sector. Shares are down 20.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Mobile Telesystems OJSC 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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