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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Telecommunications industry currently sits up 0.1% versus the S&P 500, which is unchanged. A company within the industry that increased today was China Telecom ( CHA), up 3.7%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI), down 2.2%, and Telecom Italia SpA ( TI.A), down 1.8%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.23 (0.7%) to $31.67 on light volume. Thus far, 56,124 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 292,400 shares. The stock has ranged in price between $31.56-$31.72 after having opened the day at $31.70 as compared to the previous trading day's close of $31.44.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $69.3 billion and is part of the technology sector. Shares are up 16.3% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Nippon Telegraph & Telephone Ratings Report now.

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2. As of noon trading, Alcatel-Lucent ( ALU) is up $0.14 (4.1%) to $3.68 on heavy volume. Thus far, 11.0 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $3.66-$3.72 after having opened the day at $3.70 as compared to the previous trading day's close of $3.53.

Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra-broadband fixed and wireless access to service providers and their customers, enterprises, and institutions worldwide. The company operates in three segments: Core Networking, Access, and Other. Alcatel-Lucent has a market cap of $9.8 billion and is part of the technology sector. Shares are down 19.8% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Alcatel-Lucent a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share 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 Alcatel-Lucent Ratings Report now.

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1. As of noon trading, Qualcomm ( QCOM) is up $0.66 (0.8%) to $80.39 on light volume. Thus far, 2.8 million shares of Qualcomm exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $79.70-$80.43 after having opened the day at $79.81 as compared to the previous trading day's close of $79.73.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $133.7 billion and is part of the technology sector. Shares are up 7.4% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qualcomm Ratings Report now.

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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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