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 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%. A company within the industry that fell today was America Movil S.A.B. de C.V ( AMOV), up 1.3%. 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%.

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

3. Rogers Communications ( RCI) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Rogers Communications is down $1.29 (-3.2%) to $38.91 on heavy volume. Thus far, 530,812 shares of Rogers Communications exchanged hands as compared to its average daily volume of 477,100 shares. The stock has ranged in price between $38.64-$39.34 after having opened the day at $39.07 as compared to the previous trading day's close of $40.20.

Rogers Communications Inc. operates as a communications and media company in Canada. Its Wireless segment provides wireless voice and high-speed data communication services to consumers and businesses under the Rogers, Fido, and Chatr brands; and wireless devices and applications. Rogers Communications has a market cap of $16.2 billion and is part of the technology sector. Shares are down 11.2% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Rogers Communications 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, VimpelCom ( VIP) is down $0.24 (-2.6%) to $9.01 on average volume. Thus far, 1.3 million shares of VimpelCom exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $8.93-$9.18 after having opened the day at $8.97 as compared to the previous trading day's close of $9.25.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $14.7 billion and is part of the technology sector. Shares are down 28.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate VimpelCom a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full VimpelCom 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, America Movil S.A.B. de C.V ( AMX) is down $0.25 (-1.3%) to $19.17 on heavy volume. Thus far, 7.4 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $19.08-$19.35 after having opened the day at $19.16 as compared to the previous trading day's close of $19.42.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $70.6 billion and is part of the technology sector. Shares are down 16.9% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full America Movil S.A.B. de C.V 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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