3 Telecommunications Stocks Nudging The Industry Higher

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 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Telecommunications industry currently sits down 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Turkcell Iletisim Hizmetleri AS ( TKC), down 3.0%, and Siemens ( SI), down 0.9%.

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

3. SK Telecom ( SKM) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, SK Telecom is up $0.50 (2.1%) to $24.21 on average volume. Thus far, 469,764 shares of SK Telecom exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $24.19-$24.39 after having opened the day at $24.37 as compared to the previous trading day's close of $23.71.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $15.1 billion and is part of the technology sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 49.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full SK Telecom Ratings Report now.

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