3 Telecommunications Stocks On The Rise

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the industry include American Tower ( AMT), up 2.6%, and America Movil SAB de CV ( AMOV), up 1.1%. A company within the industry that fell today was AT&T ( T), up 0.6%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.34 (1.2%) to $28.18 on light volume. Thus far, 84,913 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 282,700 shares. The stock has ranged in price between $28.12-$28.21 after having opened the day at $28.16 as compared to the previous trading day's close of $27.84.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $62.6 billion and is part of the technology sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone 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 increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Nippon Telegraph & Telephone Ratings Report now.

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2. As of noon trading, America Movil SAB de CV ( AMX) is up $0.16 (0.8%) to $20.24 on light volume. Thus far, 1.8 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $19.88-$20.33 after having opened the day at $20.08 as compared to the previous trading day's close of $20.08.

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 SAB de CV has a market cap of $72.5 billion and is part of the technology sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are down 14.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates America Movil SAB de CV a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV 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 SAB de CV 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, Qualcomm ( QCOM) is up $0.62 (0.8%) to $79.33 on light volume. Thus far, 3.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $78.53-$79.49 after having opened the day at $78.53 as compared to the previous trading day's close of $78.71.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $132.5 billion and is part of the technology sector. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year-to-date as of the close of trading on Wednesday. Currently there are 20 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qualcomm 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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