3 Telecommunications Stocks Driving 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Telecommunications industry currently sits up 0.5% versus the S&P 500, which is unchanged. Top gainers within the industry include Portugal Telecom ( PT), up 9.5%, Telecom Italia SpA ( TI), up 8.1% and Telecom Italia SpA ( TI.A), up 6.3%. A company within the industry that fell today was China Telecom ( CHA), up 1.3%.

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

3. Oi ( OIBR) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Oi is up $0.18 (11.7%) to $1.68 on heavy volume. Thus far, 7.9 million shares of Oi exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $1.62-$1.68 after having opened the day at $1.65 as compared to the previous trading day's close of $1.50.

Oi S.A., through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and governmental agencies in Brazil. It operates in three segments: Fixed-Line and Data Transmission Services, Mobile Services, and Other Services. Oi has a market cap of $2.6 billion and is part of the technology sector. Shares are down 5.7% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Oi a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Oi as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full Oi 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.

2. As of noon trading, Telefonica Brasil S.A ( VIV) is up $0.60 (3.2%) to $19.20 on average volume. Thus far, 688,061 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 $19.08-$19.45 after having opened the day at $19.37 as compared to the previous trading day's close of $18.60.

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 $21.6 billion and is part of the technology sector. Shares are down 3.3% year to date as of the close of trading on Thursday. Currently there are 5 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 weak operating cash flow. Get the full Telefonica Brasil S.A 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.

1. As of noon trading, Tim Participacoes SA ADR ( TSU) is up $1.97 (7.8%) to $27.30 on average volume. Thus far, 918,349 shares of Tim Participacoes SA ADR exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $26.82-$27.42 after having opened the day at $27.34 as compared to the previous trading day's close of $25.33.

TIM Participac es S.A., through its subsidiaries, provides mobile telecommunications services using digital technologies to business and individual customers in Brazil. The company offers mobile, fixed and long distance telephony, and data transmission and Internet services. Tim Participacoes SA ADR has a market cap of $12.7 billion and is part of the technology sector. Shares are down 3.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Tim Participacoes SA ADR a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tim Participacoes SA ADR as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Tim Participacoes SA ADR 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.

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).

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