3 Stocks Dragging The Telecommunications Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
The Telecommunications industry currently sits down 0.6% versus the S&P 500, which is down 0.7%. A company within the industry that fell today was
(
), up 1.3%. A company within the industry that increased today was
(
), up 1.6%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telefonica Brasil is down $0.27 (-2.6%) to $10.28 on light volume. Thus far, 780,227 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $10.06-$10.33 after having opened the day at $10.25 as compared to the previous trading day's close of $10.55.
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Telefonica Brasil S.A. Telefonica Brasil has a market cap of $17.3 billion and is part of the technology sector. Shares are down 40.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Telefonica Brasil
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
Telefonica Brasil Ratings Report
now.
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2. As of noon trading,
(
) is down $0.37 (-0.8%) to $44.95 on light volume. Thus far, 3.8 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 15.3 million shares. The stock has ranged in price between $44.77-$45.09 after having opened the day at $45.02 as compared to the previous trading day's close of $45.32.
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Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $183.5 billion and is part of the technology sector. Shares are down 3.1% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Verizon Communications a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Verizon Communications
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
Verizon Communications Ratings Report
now.
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1. As of noon trading,
(
) is down $0.19 (-0.6%) to $32.73 on light volume. Thus far, 5.6 million shares of AT&T exchanged hands as compared to its average daily volume of 27.3 million shares. The stock has ranged in price between $32.63-$32.85 after having opened the day at $32.84 as compared to the previous trading day's close of $32.92.
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AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. AT&T has a market cap of $201.7 billion and is part of the technology sector. Shares are down 2.0% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate AT&T a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
AT&T
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).