5 Telecommunications Stocks Moving The Industry Upward

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 79 points (0.6%) at 14,527 as of Tuesday, March 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,104 declining with 127 unchanged.

The Telecommunications industry currently sits down 0.1% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Tim Holding Company ( TSU), up 4.0%, America Movil S.A.B. de C.V ( AMX), up 1.5% and America Movil S.A.B. de C.V ( AMOV), up 1.2%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI), down 5.6%, Telecom Italia SpA ADR ( TI.A), down 4.4% and BT Group ( BT), down 1.2%.

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

5. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica Brasil S.A is up $0.36 (1.4%) to $26.51 on light volume Thus far, 365,270 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $26.30-$26.57 after having opened the day at $26.33 as compared to the previous trading day's close of $26.15.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $29.8 billion and is part of the technology sector. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Telefonica Brasil S.A a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Telefonica Brasil S.A Ratings Report now.

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