Today's Top Performers In Telecommunications

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Telecommunications industry currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the industry include China Telecom ( CHA), up 1.7%, NTT DoCoMo ( DCM), up 1.5% and American Tower ( AMT), up 0.7%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI), down 2.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.9% and America Movil S.A.B. de C.V ( AMOV), down 1.1%.

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

5. TELUS ( TU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, TELUS is up $0.82 (2.8%) to $30.49 on heavy volume. Thus far, 209,155 shares of TELUS exchanged hands as compared to its average daily volume of 189,300 shares. The stock has ranged in price between $29.32-$30.79 after having opened the day at $29.47 as compared to the previous trading day's close of $29.67.

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 $19.1 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 Monday. 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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