5 Telecommunications Stocks Pushing Industry Growth

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 126 points (-0.8%) at 15,723 as of Friday, Jan. 31, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,087 issues advancing vs. 1,837 declining with 186 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI.A), down 1.6%, Telecom Italia SpA ( TI), down 1.2%, America Movil S.A.B. de C.V ( AMOV), down 1.2% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 0.9%.

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

5. BT Group ( BT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, BT Group is up $1.57 (2.5%) to $63.03 on heavy volume. Thus far, 54,276 shares of BT Group exchanged hands as compared to its average daily volume of 64,100 shares. The stock has ranged in price between $62.40-$63.07 after having opened the day at $62.49 as compared to the previous trading day's close of $61.46.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $48.1 billion and is part of the technology sector. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate BT Group a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full BT Group Ratings Report now.

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4. As of noon trading, Nippon Telegraph & Telephone ( NTT) is up $0.19 (0.7%) to $26.93 on light volume. Thus far, 56,132 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 315,300 shares. The stock has ranged in price between $26.65-$26.94 after having opened the day at $26.67 as compared to the previous trading day's close of $26.74.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $60.8 billion and is part of the technology sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone 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, attractive valuation levels, good cash flow from operations 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 Nippon Telegraph & Telephone Ratings Report now.

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3. As of noon trading, JDS Uniphase Corp (CA ( JDSU) is up $0.97 (7.6%) to $13.69 on heavy volume. Thus far, 10.2 million shares of JDS Uniphase Corp (CA exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $13.45-$13.86 after having opened the day at $13.57 as compared to the previous trading day's close of $12.72.

JDS Uniphase Corporation provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, and enterprises worldwide. JDS Uniphase Corp (CA has a market cap of $2.8 billion and is part of the technology sector. The company has a P/E ratio of 43.0, above the S&P 500 P/E ratio of 17.7. Shares are down 7.2% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate JDS Uniphase Corp (CA a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates JDS Uniphase Corp (CA as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, 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 has had lackluster performance in the stock itself. Get the full JDS Uniphase Corp (CA 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, Verizon Communications ( VZ) is up $0.34 (0.7%) to $47.97 on average volume. Thus far, 6.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $47.02-$48.00 after having opened the day at $47.10 as compared to the previous trading day's close of $47.63.

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 $136.4 billion and is part of the technology sector. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 9 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, notable return on equity, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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, Qualcomm ( QCOM) is up $0.39 (0.5%) to $73.65 on average volume. Thus far, 4.5 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $72.62-$73.80 after having opened the day at $72.68 as compared to the previous trading day's close of $73.26.

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 $120.0 billion and is part of the technology sector. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year-to-date as of the close of trading on Thursday. Currently there are 20 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 5 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Qualcomm 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 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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