3 Stocks Dragging The Telecommunications Industry Downward

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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%. 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 3 stocks pushing the industry lower today:

3. BT Group ( BT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BT Group is down $0.42 (-0.8%) to $51.59 on light volume. Thus far, 34,277 shares of BT Group exchanged hands as compared to its average daily volume of 108,100 shares. The stock has ranged in price between $51.56-$52.09 after having opened the day at $51.71 as compared to the previous trading day's close of $52.01.

BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment provides managed networked IT services to large corporate and public sector customers. BT Group has a market cap of $40.7 billion and is part of the technology sector. Shares are up 36.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BT Group Ratings Report now.

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