3 Stocks Boosting The Telecommunications Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,369 declining with 183 unchanged.

The Telecommunications industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include CenturyLink ( CTL), up 1.5%, and Telefonica ( TEF), up 0.5%. On the negative front, top decliners within the industry include LM Ericsson Telephone Company ( ERIC), down 1.0%, Telecom Italia SpA ( TI.A), down 0.8% and Telecom Italia SpA ( TI), down 0.8%.

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

3. Telefonica Brasil ( VIV) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica Brasil is up $0.36 (1.8%) to $20.76 on light volume. Thus far, 589,006 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $20.41-$20.77 after having opened the day at $20.56 as compared to the previous trading day's close of $20.40.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil has a market cap of $23.1 billion and is part of the technology sector. Shares are up 6.1% year-to-date as of the close of trading on Thursday. 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.

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