3 Telecommunications Stocks Pushing Industry Growth

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 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.

3x UPSIDE POTENTIAL: 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, Telefonica ( TEF) is up $0.26 (1.6%) to $16.06 on heavy volume. Thus far, 1.1 million shares of Telefonica exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $16.00-$16.10 after having opened the day at $16.02 as compared to the previous trading day's close of $15.80.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Telefonica has a market cap of $72.4 billion and is part of the technology sector. Shares are down 3.3% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Telefonica a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Telefonica 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, Telefonica Brasil S.A ( VIV) is up $0.32 (1.6%) to $20.86 on average volume. Thus far, 985,310 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $20.64-$21.10 after having opened the day at $20.75 as compared to the previous trading day's close of $20.54.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $22.8 billion and is part of the technology sector. Shares are up 6.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Telefonica Brasil S.A 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).
null

If you liked this article you might like

Apple Watch Series 3 Abruptly Loses Cellular Connectivity in China

Apple Watch Series 3 Abruptly Loses Cellular Connectivity in China

Baidu, JD.com Part of Group Investing $12 Billion in China's Unicom

Baidu, JD.com Part of Group Investing $12 Billion in China's Unicom

Alibaba and Tencent Could One Day Be Bigger Than Apple

Alibaba and Tencent Could One Day Be Bigger Than Apple

China's Stock Market Shocks the World by Going Nowhere Fast

China's Stock Market Shocks the World by Going Nowhere Fast