3 Stocks Boosting The Telecommunications Industry Higher

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 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.

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, Level 3 Communications ( LVLT) is up $1.19 (2.8%) to $43.42 on light volume. Thus far, 498,661 shares of Level 3 Communications exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $42.27-$43.51 after having opened the day at $42.30 as compared to the previous trading day's close of $42.23.

Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. Level 3 Communications has a market cap of $10.1 billion and is part of the technology sector. Shares are up 27.3% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Level 3 Communications a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Level 3 Communications as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Level 3 Communications 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, AT&T ( T) is up $0.22 (0.6%) to $35.04 on light volume. Thus far, 9.2 million shares of AT&T exchanged hands as compared to its average daily volume of 28.1 million shares. The stock has ranged in price between $34.78-$35.10 after having opened the day at $34.92 as compared to the previous trading day's close of $34.83.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $180.7 billion and is part of the technology sector. Shares are down 0.9% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AT&T 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%