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 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.

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, Telefonica Brasil ( VIV) is up $0.27 (1.3%) to $20.43 on average volume. Thus far, 1.2 million shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $20.21-$20.45 after having opened the day at $20.22 as compared to the previous trading day's close of $20.16.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil has a market cap of $22.5 billion and is part of the technology sector. Shares are up 4.9% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Telefonica Brasil 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, Ubiquiti Networks ( UBNT) is up $2.11 (5.7%) to $39.11 on average volume. Thus far, 933,462 shares of Ubiquiti Networks exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $37.10-$39.44 after having opened the day at $37.71 as compared to the previous trading day's close of $37.00.

Ubiquiti Networks, Inc., together with its subsidiaries, offers a portfolio of networking products and solutions for service providers and enterprises. Ubiquiti Networks has a market cap of $3.2 billion and is part of the technology sector. Shares are down 19.5% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Ubiquiti Networks a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ubiquiti Networks as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Ubiquiti Networks 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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