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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Telecommunications industry currently sits up 0.9% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Telecom Italia SpA ( TI.A), up 3.4%, Telecom Italia SpA ( TI), up 3.0% and American Tower ( AMT), up 0.9%. A company within the industry that fell today was America Movil S.A.B. de C.V ( AMOV), up 1.3%.

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

3. LM Ericsson Telephone Company ( ERIC) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, LM Ericsson Telephone Company is up $0.10 (0.8%) to $13.02 on light volume. Thus far, 1.6 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $13.01-$13.17 after having opened the day at $13.16 as compared to the previous trading day's close of $12.91.

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 $42.7 billion and is part of the technology sector. Shares are up 5.5% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate LM Ericsson Telephone Company a buy, 2 analysts rate 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.

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2. As of noon trading, AT&T ( T) is up $0.24 (0.7%) to $36.30 on average volume. Thus far, 13.8 million shares of AT&T exchanged hands as compared to its average daily volume of 31.3 million shares. The stock has ranged in price between $35.96-$36.36 after having opened the day at $36.10 as compared to the previous trading day's close of $36.06.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $187.7 billion and is part of the technology sector. Shares are up 2.6% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full AT&T Ratings Report now.

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1. As of noon trading, Verizon Communications ( VZ) is up $0.25 (0.5%) to $48.23 on light volume. Thus far, 9.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 43.6 million shares. The stock has ranged in price between $47.75-$48.37 after having opened the day at $47.99 as compared to the previous trading day's close of $47.98.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $197.1 billion and is part of the technology sector. Shares are down 2.4% year-to-date as of the close of trading on Monday. Currently there are 21 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Verizon Communications 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).

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