3 Stocks Boosting The Telecommunications Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 137 points (0.8%) at 16,460 as of Monday, March 31, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,329 issues advancing vs. 681 declining with 134 unchanged.

The Telecommunications industry currently sits up 1.2% versus the S&P 500, which is up 0.9%. Top gainers within the industry include NTT DoCoMo ( DCM), up 1.7%, and America Movil S.A.B. de C.V ( AMOV), up 1.7%.

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

3. VimpelCom ( VIP) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, VimpelCom is up $0.37 (4.2%) to $9.10 on light volume. Thus far, 905,632 shares of VimpelCom exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $8.86-$9.13 after having opened the day at $9.00 as compared to the previous trading day's close of $8.73.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $14.3 billion and is part of the technology sector. Shares are down 32.5% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate VimpelCom a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full VimpelCom Ratings Report now.

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2. As of noon trading, LM Ericsson Telephone Company ( ERIC) is up $0.26 (2.0%) to $13.35 on average volume. Thus far, 2.2 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $13.21-$13.37 after having opened the day at $13.23 as compared to the previous trading day's close of $13.09.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: Networks, Global Services, Support Solutions, and Modems. LM Ericsson Telephone Company has a market cap of $43.4 billion and is part of the technology sector. Shares are up 6.9% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 1 rates 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.

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, America Movil S.A.B. de C.V ( AMX) is up $0.42 (2.2%) to $19.68 on average volume. Thus far, 3.5 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $19.30-$19.70 after having opened the day at $19.38 as compared to the previous trading day's close of $19.26.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $69.7 billion and is part of the technology sector. Shares are down 17.6% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full America Movil S.A.B. de C.V 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 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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