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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include

Telecom Italia SpA

(

TI.A

), up 1.5%,

Telecom Italia SpA

(

TI

), up 1.1% and

Telefonica Brasil

(

VIV

), up 0.8%. A company within the industry that fell today was

Philippine Long Distance Telephone

(

PHI

), up 1.6%.

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

3.

Telefonica

(

TEF

) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica is up $0.12 (0.8%) to $16.69 on light volume. Thus far, 310,944 shares of Telefonica exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $16.61-$16.70 after having opened the day at $16.67 as compared to the previous trading day's close of $16.57.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Telefonica has a market cap of $75.6 billion and is part of the technology sector. Shares are up 1.4% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Telefonica a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Telefonica

as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full

Telefonica 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.

2. As of noon trading,

Mobile Telesystems OJSC

(

MBT

) is up $0.28 (1.5%) to $18.76 on average volume. Thus far, 1.7 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $18.59-$18.84 after having opened the day at $18.82 as compared to the previous trading day's close of $18.47.

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 $18.4 billion and is part of the technology sector. Shares are down 14.6% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Mobile Telesystems OJSC

as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. 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.

1. As of noon trading,

BlackBerry

(

BBRY

) is up $0.37 (5.1%) to $7.66 on heavy volume. Thus far, 12.5 million shares of BlackBerry exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $7.50-$7.80 after having opened the day at $7.55 as compared to the previous trading day's close of $7.29.

BlackBerry Limited provides wireless communications solutions worldwide. BlackBerry has a market cap of $3.8 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 is 1 analyst who rates BlackBerry a buy, 6 analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates

BlackBerry

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full

BlackBerry 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.

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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