Telecommunications Stocks On The Rise With Help From 3 Stocks

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is down 0.2%. A company within the industry that fell today was BT Group ( BT), up 0.9%.

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

3. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica Brasil S.A is up $0.22 (1.0%) to $22.01 on light volume. Thus far, 498,411 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $21.83-$22.15 after having opened the day at $21.90 as compared to the previous trading day's close of $21.79.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $24.5 billion and is part of the technology sector. Shares are down 9.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Telefonica Brasil S.A Ratings Report now.

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