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 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Telefonica Brasil ( VIV), down 2.2%, America Movil SAB de CV ( AMOV), down 1.8%, Telecom Italia SpA ( TI), down 1.8%, America Movil SAB de CV ( AMX), down 1.6% and China Telecom ( CHA), down 1.5%.

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

3. NTT DoCoMo ( DCM) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, NTT DoCoMo is up $0.16 (1.0%) to $16.27 on light volume. Thus far, 89,204 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 260,000 shares. The stock has ranged in price between $16.15-$16.27 after having opened the day at $16.17 as compared to the previous trading day's close of $16.11.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $66.2 billion and is part of the technology sector. Shares are down 2.4% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full NTT DoCoMo 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, Nippon Telegraph & Telephone ( NTT) is up $0.29 (1.0%) to $28.38 on light volume. Thus far, 76,640 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 271,300 shares. The stock has ranged in price between $28.13-$28.39 after having opened the day at $28.13 as compared to the previous trading day's close of $28.09.

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 $63.9 billion and is part of the technology sector. Shares are up 3.9% year-to-date as of the close of trading on Thursday. 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.

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, VimpelCom ( VIP) is up $0.18 (2.2%) to $8.26 on average volume. Thus far, 1.2 million shares of VimpelCom exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $8.06-$8.30 after having opened the day at $8.10 as compared to the previous trading day's close of $8.08.

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 $13.6 billion and is part of the technology sector. Shares are down 37.5% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who 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.

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

More from Markets

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump