3 Stocks Moving The Telecommunications Industry Upward

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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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3 Stocks Pulling The Telecommunications Industry Downward