Today's Stocks Driving Success For The Telecommunications Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is up 0.3%. Top gainers within the industry include China Telecom ( CHA), up 2.1%, and America Movil S.A.B. de C.V ( AMX), up 0.8%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI.A), down 6.5%, Telecom Italia SpA ( TI), down 3.7%, Telefonica Brasil S.A ( VIV), down 2.8%, American Tower ( AMT), down 2.3% and Verizon Communications ( VZ), down 0.8%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is up $0.65 (1.4%) to $45.65 on light volume. Thus far, 102,431 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 274,000 shares. The stock has ranged in price between $45.50-$46.17 after having opened the day at $45.58 as compared to the previous trading day's close of $45.00.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $22.4 billion and is part of the technology sector. Shares are up 21.8% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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