5 Stocks Pushing The Telecommunications Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 15,303 as of Thursday, Sept. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 960 issues advancing vs. 1,922 declining with 143 unchanged.

The Telecommunications industry currently sits down 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include China Telecom ( CHA), down 3.6%, Rogers Communications ( RCI), down 2.6% and America Movil S.A.B. de C.V ( AMOV), down 1.7%.

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

5. BCE ( BCE) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BCE is down $0.67 (-1.6%) to $42.23 on heavy volume. Thus far, 1.0 million shares of BCE exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $41.99-$42.92 after having opened the day at $42.92 as compared to the previous trading day's close of $42.90.

BCE, based in Montreal, provides landline services in ON and PQ and wireless services nationally. Its $3.2 bn acquisition of the CTV media assets is expected to close in April. Its results include 44%-owned Bell Aliant, which serves the maritime provinces and rural parts of ON and PQ. BCE has a market cap of $33.6 billion and is part of the technology sector. Shares are up 0.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BCE 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.

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