3 Stocks Raising The Telecommunications Industry Higher

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 68 points (0.4%) at 15,371 as of Thursday, May 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,135 declining with 104 unchanged.

The Telecommunications industry currently sits up 0.5% versus the S&P 500, which is up 0.5%. Top gainers within the industry include China Unicom (Hong Kong ( CHU), up 3.8%, NTT DoCoMo ( DCM), up 1.5% and China Telecom ( CHA), up 1.5%. On the negative front, top decliners within the industry include Turkcell Iletisim Hizmetleri AS ( TKC), down 2.28, and Nippon Telegraph & Telephone ( NTT), down 1.03.

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

3. SK Telecom ( SKM) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, SK Telecom is up $0.73 (3.70) to $20.45 on heavy volume Thus far, 1.5 million shares of SK Telecom exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $19.91-$20.46 after having opened the day at $19.95 as compared to the previous trading day's close of $19.72.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $13.3 billion and is part of the technology sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 33.5% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full SK Telecom Ratings Report now.

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