3 Stocks Dragging The Telecommunications Industry Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,424 as of Tuesday, Sept. 24, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,875 issues advancing vs. 1,030 declining with 132 unchanged.

The Telecommunications industry currently sits up 0.6% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include China Telecom ( CHA), down 1.8%, and Verizon Communications ( VZ), down 1.3%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, China Unicom (Hong Kong is down $0.46 (-2.8%) to $15.77 on average volume. Thus far, 212,587 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 483,900 shares. The stock has ranged in price between $15.74-$15.87 after having opened the day at $15.87 as compared to the previous trading day's close of $16.23.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $38.4 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Monday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong 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, Telekomunikasi Indonesia (Persero) Tbk ( TLK) is down $0.62 (-1.6%) to $38.42 on heavy volume. Thus far, 246,842 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 295,600 shares. The stock has ranged in price between $37.81-$38.48 after having opened the day at $38.15 as compared to the previous trading day's close of $39.03.

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 $100.6 billion and is part of the technology sector. Shares are up 8.1% year to date as of the close of trading on Monday. 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.

1. As of noon trading, Qualcomm ( QCOM) is down $0.38 (-0.5%) to $68.60 on light volume. Thus far, 4.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $68.14-$68.87 after having opened the day at $68.72 as compared to the previous trading day's close of $68.98.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $118.5 billion and is part of the technology sector. Shares are up 11.6% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qualcomm 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 5 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).

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