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 4 stocks pushing the industry lower today: 4. Telefonica ( TEF) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telefonica is down $0.22 (-1.4%) to $15.40 on light volume. Thus far, 377,669 shares of Telefonica exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $15.23-$15.42 after having opened the day at $15.24 as compared to the previous trading day's close of $15.62. Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $70.3 billion and is part of the technology sector. Shares are down 4.4% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 2 rate it a hold. TheStreet Ratings rates Telefonica as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Telefonica 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.