3 Stocks Improving Performance Of The Telecommunications Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 38 points (0.2%) at 16,236 as of Thursday, Feb. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,761 issues advancing vs. 1,149 declining with 174 unchanged.

The Telecommunications industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include America Movil S.A.B. de C.V ( AMX), up 1.1%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 0.7% and America Movil S.A.B. de C.V ( AMOV), up 0.6%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI), down 3.7%, and Telecom Italia SpA ( TI.A), down 2.7%.

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

3. Tim Participacoes ( TSU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Tim Participacoes is up $0.80 (3.3%) to $24.75 on heavy volume. Thus far, 1.5 million shares of Tim Participacoes exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $23.83-$25.12 after having opened the day at $23.96 as compared to the previous trading day's close of $23.95.

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 has a market cap of $58.7 billion and is part of the technology sector. Shares are down 8.7% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Tim Participacoes a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tim Participacoes as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tim Participacoes Ratings Report now.

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