Telecommunications Stocks On The Rise With Help From 3 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Telecommunications industry currently sits down 0.9% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Telecom Italia SpA ( TI), up 9.2%, Telecom Italia SpA ( TI.A), up 8.6% and America Movil S.A.B. de C.V ( AMOV), up 0.8%. On the negative front, top decliners within the industry include NTT DoCoMo ( DCM), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.9%, BT Group ( BT), down 1.7%, Telefonica ( TEF), down 1.6% and Siemens ( SI), down 1.5%.

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

3. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Philippine Long Distance Telephone is up $1.48 (2.4%) to $63.42 on heavy volume. Thus far, 71,203 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 74,500 shares. The stock has ranged in price between $62.93-$63.51 after having opened the day at $63.43 as compared to the previous trading day's close of $61.94.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. Philippine Long Distance Telephone has a market cap of $13.0 billion and is part of the technology sector. Shares are up 1.0% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Philippine Long Distance 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.

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