3 Telecommunications Stocks Moving The Industry Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Telecommunications industry currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Qualcomm ( QCOM), up 1.1%, Siemens ( SI), up 0.7% and America Movil S.A.B. de C.V ( AMOV), up 0.6%. On the negative front, top decliners within the industry include American Tower ( AMT), down 1.4%, BT Group ( BT), down 0.9% and NTT DoCoMo ( DCM), down 0.7%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.20 (0.8%) to $26.06 on average volume. Thus far, 256,784 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 398,400 shares. The stock has ranged in price between $25.92-$26.14 after having opened the day at $25.95 as compared to the previous trading day's close of $25.86.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $63.0 billion and is part of the technology sector. Shares are up 23.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone 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, attractive valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Japan Inc. to Talk Tough Over Its Deepest Brexit Fears

These 5 Mega-Cap Stocks Are Breaking Out in November

Nutanix's Spectacular IPO Is a Sign Markets Might Be Overheated

Nutanix Has Great Products, but Its Valuation and Competition Should Give Pause

3 Stocks Pulling The Telecommunications Industry Downward