3 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 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%. 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. 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%.

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

3. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Philippine Long Distance Telephone is down $1.45 (-2.0%) to $72.36 on light volume Thus far, 34,406 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 132,800 shares. The stock has ranged in price between $72.33-$73.14 after having opened the day at $72.83 as compared to the previous trading day's close of $73.81.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. Philippine Long Distance Telephone has a market cap of $16.1 billion and is part of the technology sector. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are up 21.6% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, 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 Philippine Long Distance Telephone Ratings Report now.

STOCKS TO BUY: 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, BCE ( BCE) is down $0.42 (-0.9%) to $45.43 on light volume Thus far, 192,132 shares of BCE exchanged hands as compared to its average daily volume of 678,000 shares. The stock has ranged in price between $45.41-$46.03 after having opened the day at $45.83 as compared to the previous trading day's close of $45.85.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $35.6 billion and is part of the technology sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full BCE Ratings Report now.

STOCKS TO BUY: 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, Nokia Oyj ( NOK) is down $0.11 (-3.0%) to $3.50 on average volume Thus far, 22.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 38.6 million shares. The stock has ranged in price between $3.49-$3.62 after having opened the day at $3.62 as compared to the previous trading day's close of $3.61.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $13.4 billion and is part of the technology sector. Shares are down 9.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Nokia Oyj a buy, 7 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Nokia Oyj Ratings Report now.

STOCKS TO BUY: 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).

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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