3 Stocks Underperforming Today In The Telecommunications Industry

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. 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%. A company within the industry that increased today was China Telecom ( CHA), up 3.7%.

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

3. BCE ( BCE) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BCE is down $0.46 (-1.0%) to $45.15 on average volume. Thus far, 283,644 shares of BCE exchanged hands as compared to its average daily volume of 550,500 shares. The stock has ranged in price between $45.07-$45.61 after having opened the day at $45.54 as compared to the previous trading day's close of $45.61.

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 $35.3 billion and is part of the technology sector. Shares are up 5.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that 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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