3 Stocks Pulling The Telecommunications Industry Downward

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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%. 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%. 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%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.32 (-1.1%) to $27.96 on light volume. Thus far, 43,402 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 331,500 shares. The stock has ranged in price between $27.87-$27.98 after having opened the day at $27.96 as compared to the previous trading day's close of $28.28.

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 $63.9 billion and is part of the technology sector. Shares are up 4.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that 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 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, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Nippon Telegraph & Telephone Ratings Report now.

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3 Stocks Pulling The Telecommunications Industry Downward