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. Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged. The Telecommunications industry currently sits up 8.9% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Voltari ( VLTC), up 1517.8%, Telecom Italia SpA ( TI.A), up 2.5%, Telecom Italia SpA ( TI), up 2.0% and China Telecom ( CHA), up 0.9%. On the negative front, top decliners within the industry include America Movil S.A.B. de C.V ( AMOV), down 1.2%, and NTT DoCoMo ( DCM), down 0.7%. TheStreet would like to highlight 3 stocks pushing the industry higher today: 3. Telefonica ( TEF) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica is up $0.20 (1.4%) to $14.65 on average volume. Thus far, 627,415 shares of Telefonica exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $14.49-$14.66 after having opened the day at $14.51 as compared to the previous trading day's close of $14.45. Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $65.5 billion and is part of the technology sector. Shares are up 7.1% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 2 rate it a hold. TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Telefonica 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.