3 Stocks Advancing The Telecommunications Industry

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 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Telecommunications industry currently sits up 0.6% versus the S&P 500, which is up 0.3%.

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 $0.38 (1.3%) to $29.38 on light volume. Thus far, 58,176 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 264,300 shares. The stock has ranged in price between $29.28-$29.41 after having opened the day at $29.41 as compared to the previous trading day's close of $29.00.

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 $65.7 billion and is part of the technology sector. Shares are up 7.2% 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.

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2. As of noon trading, VimpelCom ( VIP) is up $0.27 (3.4%) to $8.18 on average volume. Thus far, 2.1 million shares of VimpelCom exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $7.93-$8.26 after having opened the day at $7.94 as compared to the previous trading day's close of $7.91.

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 $13.9 billion and is part of the technology sector. Shares are down 38.9% 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.

1. As of noon trading, Mobile Telesystems OJSC ( MBT) is up $0.30 (1.6%) to $18.36 on light volume. Thus far, 1.0 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $18.15-$18.37 after having opened the day at $18.16 as compared to the previous trading day's close of $18.07.

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $18.0 billion and is part of the technology sector. Shares are down 16.5% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full Mobile Telesystems OJSC 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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