3 Telecommunications Stocks Pushing Industry Growth

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Telecommunications industry currently sits up 1.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Telecom Italia SpA ( TI.A), up 1.2%, and China Telecom ( CHA), up 0.5%. A company within the industry that fell today was American Tower ( AMT), up 0.7%.

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

3. VimpelCom ( VIP) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, VimpelCom is up $0.13 (1.5%) to $9.03 on heavy volume. Thus far, 2.8 million shares of VimpelCom exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $8.77-$9.20 after having opened the day at $8.84 as compared to the previous trading day's close of $8.90.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. It operates in five segments: Russia, Italy, Africa & Asia, Ukraine, and the Commonwealth of Independent States. VimpelCom has a market cap of $15.5 billion and is part of the technology sector. Shares are down 32.0% year-to-date as of the close of trading on Friday. 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.

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