3 Stocks Pushing The Telecommunications Industry Lower

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 fell today was BT Group ( BT), up 1.1%. A company within the industry that increased today was Telecom Italia SpA ( TI.A), up 2.2%.

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

3. Alcatel-Lucent ( ALU) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Alcatel-Lucent is down $0.13 (-3.3%) to $3.82 on average volume. Thus far, 3.9 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $3.82-$3.90 after having opened the day at $3.89 as compared to the previous trading day's close of $3.95.

Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra-broadband fixed and wireless access to service providers and their customers, enterprises, and institutions worldwide. It operates through three segments: Core Networking, Access, and Other. Alcatel-Lucent has a market cap of $11.6 billion and is part of the technology sector. Shares are down 10.2% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Alcatel-Lucent a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. Get the full Alcatel-Lucent 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, LM Ericsson Telephone Company ( ERIC) is down $0.11 (-0.8%) to $13.08 on average volume. Thus far, 2.0 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $13.03-$13.14 after having opened the day at $13.07 as compared to the previous trading day's close of $13.19.

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 $43.9 billion and is part of the technology sector. Shares are up 8.5% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate LM Ericsson Telephone Company a buy, 1 analyst rates 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.

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, Mobile Telesystems OJSC ( MBT) is down $0.36 (-2.1%) to $16.79 on light volume. Thus far, 1.3 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $16.65-$16.90 after having opened the day at $16.74 as compared to the previous trading day's close of $17.15.

Mobile TeleSystems OJSC provides mobile and fixed voice, broadband, and pay TV, as well as content and entertainment services in Russia, eastern Europe, and central Asia. Mobile Telesystems OJSC has a market cap of $17.2 billion and is part of the technology sector. Shares are down 20.7% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full Mobile Telesystems OJSC 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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