3 Stocks Boosting The Telecommunications Industry Higher

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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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