3 Telecommunications Stocks Pushing Industry Growth

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 117 points (-0.7%) at 16,295 as of Monday, April 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,136 declining with 146 unchanged.

The Telecommunications industry currently sits down 1.4% versus the S&P 500, which is down 0.8%. A company within the industry that increased today was Telecom Italia SpA ( TI.A), up 2.2%. A company within the industry that fell today was BT Group ( BT), up 1.1%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, China Unicom (Hong Kong is up $0.19 (1.4%) to $13.50 on average volume. Thus far, 268,194 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 653,400 shares. The stock has ranged in price between $13.47-$13.57 after having opened the day at $13.52 as compared to the previous trading day's close of $13.31.

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 $30.7 billion and is part of the technology sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates 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.

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