3 Stocks Pulling The Telecommunications Industry Downward

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%.

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

3. China Telecom ( CHA) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, China Telecom is down $0.26 (-0.6%) to $46.28 on light volume. Thus far, 20,603 shares of China Telecom exchanged hands as compared to its average daily volume of 61,200 shares. The stock has ranged in price between $46.23-$46.56 after having opened the day at $46.41 as compared to the previous trading day's close of $46.54.

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. China Telecom has a market cap of $36.6 billion and is part of the technology sector. Shares are down 8.0% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate China Telecom a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full China Telecom Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, TELUS ( TU) is down $0.37 (-1.0%) to $36.21 on average volume. Thus far, 67,481 shares of TELUS exchanged hands as compared to its average daily volume of 157,200 shares. The stock has ranged in price between $36.14-$36.75 after having opened the day at $36.65 as compared to the previous trading day's close of $36.58.

TELUS Corporation provides a range of telecommunications services and products in Canada. The company operates through two segments, Wireless and Wireline. TELUS has a market cap of $22.5 billion and is part of the technology sector. Shares are up 6.2% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate TELUS a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TELUS as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, premium valuation and poor profit margins. Get the full TELUS Ratings Report now.

STOCKS TO BUY: 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, China Unicom (Hong Kong ( CHU) is down $0.14 (-1.1%) to $13.19 on light volume. Thus far, 133,431 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 645,300 shares. The stock has ranged in price between $13.17-$13.28 after having opened the day at $13.22 as compared to the previous trading day's close of $13.33.

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, broadband and other Internet-related, information communications technology, and business and data communications services in China. China Unicom (Hong Kong has a market cap of $30.4 billion and is part of the technology sector. Shares are down 11.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full China Unicom (Hong Kong Ratings Report now.

STOCKS TO BUY: 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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