3 Telecommunications Stocks Driving The Industry Higher
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 41 points (-0.2%) at 18,075 as of Tuesday, March 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,371 issues advancing vs. 1,586 declining with 175 unchanged.
The Telecommunications industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was
(
), up 1.0%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica Brasil is up $0.30 (1.9%) to $15.91 on average volume. Thus far, 1.0 million shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $15.75-$16.01 after having opened the day at $15.94 as compared to the previous trading day's close of $15.61.
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.
Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and corporate customers in Brazil. Telefonica Brasil has a market cap of $17.2 billion and is part of the technology sector. Shares are down 11.7% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who 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, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Telefonica Brasil Ratings Report
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.
2. As of noon trading,
(
) is up $0.47 (1.1%) to $43.02 on light volume. Thus far, 445,246 shares of BCE exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $42.65-$43.15 after having opened the day at $42.71 as compared to the previous trading day's close of $42.55.
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.
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through Bell Wireless, Bell Wireline, and Bell Media segments. BCE has a market cap of $35.5 billion and is part of the technology sector. Shares are down 7.2% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate BCE a buy, 2 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
BCE
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and notable return on equity. We feel these 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.
1. As of noon trading,
(
) is up $0.10 (1.3%) to $7.98 on average volume. Thus far, 6.5 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 15.1 million shares. The stock has ranged in price between $7.91-$8.00 after having opened the day at $7.96 as compared to the previous trading day's close of $7.88.
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.
Nokia Corporation engages in the network infrastructure, location-based technologies, and advanced technologies businesses worldwide. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Technologies. Nokia Oyj has a market cap of $29.4 billion and is part of the technology sector. Shares are up 0.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Nokia Oyj a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Nokia Oyj
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and impressive record of earnings per share growth. We feel these 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
(
).
null