3 Telecommunications Stocks On The Rise

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is unchanged. A company within the industry that increased today was Telecom Italia SpA ( TI), up 2.6%. A company within the industry that fell today was American Tower ( AMT), up 1.1%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.24 (0.8%) to $28.49 on light volume. Thus far, 52,694 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 319,100 shares. The stock has ranged in price between $28.35-$28.56 after having opened the day at $28.35 as compared to the previous trading day's close of $28.25.

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 $62.4 billion and is part of the technology sector. Shares are up 1.5% year-to-date as of the close of trading on Tuesday. 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 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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2. As of noon trading, LM Ericsson Telephone Company ( ERIC) is up $0.25 (2.0%) to $12.96 on average volume. Thus far, 2.1 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $12.93-$13.03 after having opened the day at $12.95 as compared to the previous trading day's close of $12.71.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $41.4 billion and is part of the technology sector. Shares are up 2.5% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full LM Ericsson Telephone Company Ratings Report now.

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1. As of noon trading, Qualcomm ( QCOM) is up $0.83 (1.1%) to $76.94 on light volume. Thus far, 2.7 million shares of Qualcomm exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $75.79-$76.96 after having opened the day at $76.44 as compared to the previous trading day's close of $76.11.

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 $124.5 billion and is part of the technology sector. Shares are down 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts who 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, 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 sub par growth in net income. Get the full Qualcomm Ratings Report now.

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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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