5 Stocks Pushing The Telecommunications Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.9%. A company within the industry that fell today was China Telecom ( CHA), up 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.26 (-1.7%) to $15.07 on light volume Thus far, 56,992 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 527,100 shares. The stock has ranged in price between $15.06-$15.18 after having opened the day at $15.17 as compared to the previous trading day's close of $15.33.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network in Turkey. Turkcell Iletisim Hizmetleri AS has a market cap of $13.4 billion and is part of the technology sector. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 29.2% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.

4. As of noon trading, China Unicom (Hong Kong ( CHU) is down $0.08 (-0.5%) to $15.84 on light volume Thus far, 187,890 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 750,600 shares. The stock has ranged in price between $15.75-$15.85 after having opened the day at $15.85 as compared to the previous trading day's close of $15.92.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $37.9 billion and is part of the technology sector. The company has a P/E ratio of 57.5, above the S&P 500 P/E ratio of 17.7. Shares are down 24.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full China Unicom (Hong Kong Ratings Report now.

3. As of noon trading, Ericsson Telephone Company ( ERIC) is down $0.12 (-1.3%) to $8.81 on average volume Thus far, 2.2 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $8.74-$8.81 after having opened the day at $8.76 as compared to the previous trading day's close of $8.93.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $29.2 billion and is part of the technology sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Ericsson Telephone Company Ratings Report now.

2. As of noon trading, American Tower ( AMT) is down $0.50 (-0.7%) to $73.49 on light volume Thus far, 656,871 shares of American Tower exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $73.38-$74.50 after having opened the day at $74.02 as compared to the previous trading day's close of $73.99.

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. American Tower has a market cap of $29.4 billion and is part of the technology sector. The company has a P/E ratio of 42.1, above the S&P 500 P/E ratio of 17.7. Shares are up 23.3% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 American Tower Ratings Report now.

1. As of noon trading, Sprint Nextel ( S) is down $0.06 (-1.1%) to $5.68 on light volume Thus far, 14.7 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 80.3 million shares. The stock has ranged in price between $5.66-$5.76 after having opened the day at $5.75 as compared to the previous trading day's close of $5.75.

Sprint Nextel Corporation, together with its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. Sprint Nextel has a market cap of $17.1 billion and is part of the technology sector. The company has a P/E ratio of -4.0, below the S&P 500 P/E ratio of 17.7. Shares are up 145.7% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Sprint Nextel a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. Get the full Sprint Nextel Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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