5 Stocks Dragging In The Telecommunications Industry

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%. On the negative front, top decliners within the industry include NTT DoCoMo ( DCM), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.8%, BT Group ( BT), down 1.8%, Telefonica ( TEF), down 1.6% and Siemens ( SI), down 1.5%. 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%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $0.49 (-1.3%) to $37.07 on average volume. Thus far, 191,050 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 270,800 shares. The stock has ranged in price between $36.84-$37.76 after having opened the day at $37.64 as compared to the previous trading day's close of $37.56.

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 $92.9 billion and is part of the technology sector. Shares are up 1.7% year to date as of the close of trading on Thursday. 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Telefonica Brasil S.A ( VIV) is down $0.27 (-1.4%) to $19.63 on average volume. Thus far, 939,194 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $19.56-$19.95 after having opened the day at $19.90 as compared to the previous trading day's close of $19.90.

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 $22.3 billion and is part of the technology sector. Shares are down 17.5% year to date as of the close of trading on Thursday. 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, attractive valuation levels and expanding profit margins. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, LM Ericsson Telephone Company ( ERIC) is down $0.16 (-1.3%) to $11.78 on average volume. Thus far, 1.1 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $11.73-$11.83 after having opened the day at $11.82 as compared to the previous trading day's close of $11.94.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $39.8 billion and is part of the technology sector. Shares are up 19.3% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full LM Ericsson Telephone Company Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Nokia Oyj ( NOK) is down $0.12 (-2.9%) to $3.88 on average volume. Thus far, 15.1 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 24.3 million shares. The stock has ranged in price between $3.87-$3.93 after having opened the day at $3.90 as compared to the previous trading day's close of $4.00.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $14.9 billion and is part of the technology sector. Shares are up 1.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Nokia Oyj a buy, 7 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. Get the full Nokia Oyj Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Verizon Communications ( VZ) is down $0.52 (-1.1%) to $47.30 on average volume. Thus far, 6.4 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $47.26-$47.97 after having opened the day at $47.83 as compared to the previous trading day's close of $47.82.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $133.2 billion and is part of the technology sector. Shares are up 10.5% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Verizon Communications Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
null

If you liked this article you might like

New Lifetime High For PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High For PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached By PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached By PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached: PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached: PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

3 Stocks Pushing The Telecommunications Industry Downward

3 Stocks Pushing The Telecommunications Industry Downward

Today PT Telekomunikasi Indonesia (Persero) Tbk (TLK) Hits New Lifetime High

Today PT Telekomunikasi Indonesia (Persero) Tbk (TLK) Hits New Lifetime High