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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Philippine Long Distance Telephone ( PHI), up 1.6%. Top gainers within the industry include Telecom Italia SpA ( TI.A), up 1.5%, Telecom Italia SpA ( TI), up 1.1% and Telefonica Brasil ( VIV), up 0.8%.

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 $0.58 (-1.4%) to $40.75 on average volume. Thus far, 159,938 shares of Rogers Communications exchanged hands as compared to its average daily volume of 398,500 shares. The stock has ranged in price between $40.67-$41.71 after having opened the day at $41.52 as compared to the previous trading day's close of $41.33.

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 $16.8 billion and is part of the technology sector. Shares are down 8.7% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Rogers Communications a buy, no analysts rate it a sell, and 8 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 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.

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