4 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.

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. A company within the industry that fell today was China Telecom ( CHA), up 1.3%. 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%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. 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 $0.18 (-1.2%) to $14.65 on light volume. Thus far, 111,760 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 483,700 shares. The stock has ranged in price between $14.56-$14.69 after having opened the day at $14.69 as compared to the previous trading day's close of $14.83.

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 $35.5 billion and is part of the technology sector. Shares are down 1.5% year to date as of the close of trading on Thursday. 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.

3. As of noon trading, VimpelCom ( VIP) is down $0.38 (-3.0%) to $12.42 on light volume. Thus far, 896,473 shares of VimpelCom exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $12.41-$12.85 after having opened the day at $12.65 as compared to the previous trading day's close of $12.80.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $21.1 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate VimpelCom a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full VimpelCom 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, Verizon Communications ( VZ) is down $0.68 (-1.4%) to $48.32 on average volume. Thus far, 5.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $48.22-$49.33 after having opened the day at $49.33 as compared to the previous trading day's close of $49.00.

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 $140.5 billion and is part of the technology sector. Shares are down 0.3% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 8 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.

1. As of noon trading, Qualcomm ( QCOM) is down $0.69 (-0.9%) to $72.63 on light volume. Thus far, 3.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $72.53-$73.48 after having opened the day at $73.33 as compared to the previous trading day's close of $73.32.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $125.4 billion and is part of the technology sector. Shares are down 1.2% year to date as of the close of trading on Thursday. Currently there are 21 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 6 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 good cash flow from operations. 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 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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