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 lower today: 3. Telefonica ( TEF) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telefonica is down $0.45 (-2.7%) to $16.08 on heavy volume. Thus far, 3.1 million shares of Telefonica exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $15.84-$16.13 after having opened the day at $15.98 as compared to the previous trading day's close of $16.53. Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Telefonica has a market cap of $75.5 billion and is part of the technology sector. Shares are up 1.2% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 1 rates it a hold. TheStreet Ratings rates Telefonica as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, attractive valuation levels, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Telefonica 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.