Today's Stocks Driving Success For The Telecommunications Industry

TheStreet highlights 3 stocks pushing the telecommunications industry higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include

NTT DOCOMO

(

DCM

), down 1.5%, and

Nippon Telegraph & Telephone

(

NTT

), down 1.0%.

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

3.

Level 3 Communications

(

LVLT

) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Level 3 Communications is up $1.96 (3.6%) to $56.34 on heavy volume. Thus far, 4.7 million shares of Level 3 Communications exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $54.25-$57.59 after having opened the day at $54.70 as compared to the previous trading day's close of $54.38.

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Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services. It operates through North America, EMEA, and Latin America segments. Level 3 Communications has a market cap of $18.9 billion and is part of the technology sector. Shares are up 0.0% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Level 3 Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Level 3 Communications

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity, increase in net income and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Level 3 Communications Ratings Report

now.

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2. As of noon trading,

T-Mobile US

(

TMUS

) is up $0.44 (1.0%) to $44.08 on light volume. Thus far, 1.1 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $43.26-$44.29 after having opened the day at $43.28 as compared to the previous trading day's close of $43.64.

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T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services for consumers and businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. T-Mobile US has a market cap of $35.8 billion and is part of the technology sector. Shares are up 11.6% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate T-Mobile US a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates

T-Mobile US

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. 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

T-Mobile US Ratings Report

now.

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1. As of noon trading,

Verizon Communications

(

VZ

) is up $0.36 (0.7%) to $55.84 on average volume. Thus far, 6.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $55.37-$56.04 after having opened the day at $55.58 as compared to the previous trading day's close of $55.47.

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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 $227.9 billion and is part of the technology sector. Shares are up 20.0% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Verizon Communications a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates

Verizon Communications

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, increase in net income, expanding profit margins and growth in earnings per share. 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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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

iShares Dow Jones US Telecom

(

IYZ

) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication

(

TLL

).

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