3 Stocks Moving The Telecommunications Industry Upward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is unchanged. A company within the industry that increased today was tw telecom inc ( TWTC), up 6.6%. On the negative front, top decliners within the industry include Level 3 Communications ( LVLT), down 5.7%, Telecom Italia SpA ( TI.A), down 3.7%, Telecom Italia SpA ( TI), down 3.5%, VimpelCom ( VIP), down 2.2% and BT Group ( BT), down 2.1%.

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

3. TELUS ( TU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, TELUS is up $0.38 (1.0%) to $38.50 on heavy volume. Thus far, 113,376 shares of TELUS exchanged hands as compared to its average daily volume of 130,000 shares. The stock has ranged in price between $38.01-$38.51 after having opened the day at $38.01 as compared to the previous trading day's close of $38.12.

TELUS Corporation provides a range of telecommunications services and products in Canada. The company operates through two segments, Wireless and Wireline. TELUS has a market cap of $23.2 billion and is part of the technology sector. Shares are up 10.7% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate TELUS a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TELUS as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally higher debt management risk. Get the full TELUS Ratings Report now.

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2. As of noon trading, BCE ( BCE) is up $0.25 (0.5%) to $45.82 on light volume. Thus far, 163,448 shares of BCE exchanged hands as compared to its average daily volume of 618,100 shares. The stock has ranged in price between $45.50-$45.82 after having opened the day at $45.50 as compared to the previous trading day's close of $45.57.

BCE Inc., a communications company, provides broadband communication services to residential and business customers in Canada. The company operates through four segments: Bell Wireline, Bell Wireless, Bell Media, and Bell Aliant. BCE has a market cap of $36.0 billion and is part of the technology sector. Shares are up 5.3% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate BCE a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full BCE Ratings Report now.

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1. As of noon trading, Ubiquiti Networks ( UBNT) is up $1.86 (4.4%) to $43.97 on average volume. Thus far, 737,693 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 $41.51-$43.97 after having opened the day at $41.85 as compared to the previous trading day's close of $42.11.

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 $3.6 billion and is part of the technology sector. Shares are down 8.4% 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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