3 Stocks Advancing The Telecommunications Industry

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.

The Telecommunications industry currently sits down 0.39 versus the S&P 500, which is down 0.21. Top gainers within the industry include Research in Motion ( BBRY), up 3.0%, Telecom Italia SpA ( TI), up 3.1%, Nokia Oyj ( NOK), up 2.0% and Mobile Telesystems OJSC ( MBT), up 1.5%. On the negative front, top decliners within the industry include America Movil S.A.B. de C.V ( AMOV), down 1.31, Telefonica ( TEF), down 1.08 and Verizon Communications ( VZ), down 0.45.

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

3. TELUS ( TU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, TELUS is up $0.56 (1.53) to $37.19 on average volume Thus far, 60,343 shares of TELUS exchanged hands as compared to its average daily volume of 142,300 shares. The stock has ranged in price between $36.87-$37.48 after having opened the day at $36.87 as compared to the previous trading day's close of $36.63.

TELUS Corporation provides telecommunications products and services primarily in Canada. Its telecommunications products and services include wireless, data, Internet protocol (IP), voice, and television. The company operates through two segments, Wireless and Wireline. TELUS has a market cap of $23.5 billion and is part of the technology sector. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TELUS a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TELUS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. 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 TELUS Ratings Report now.

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