3 Stocks Dragging In The Telecommunications Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Telecommunications industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was America Movil SAB de CV ( AMOV), up 2.9%.

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

3. Crown Castle International ( CCI) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Crown Castle International is down $2.56 (-3.3%) to $74.04 on heavy volume. Thus far, 2.0 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $73.49-$76.50 after having opened the day at $76.13 as compared to the previous trading day's close of $76.60.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. Crown Castle International has a market cap of $24.9 billion and is part of the technology sector. Shares are up 4.3% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Crown Castle International Ratings Report now.

STOCKS TO BUY: 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, Qualcomm ( QCOM) is down $5.04 (-6.2%) to $76.56 on heavy volume. Thus far, 24.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $75.66-$77.63 after having opened the day at $77.60 as compared to the previous trading day's close of $81.60.

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 $134.4 billion and is part of the technology sector. Shares are up 9.9% year-to-date as of the close of trading on Wednesday. Currently there are 20 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 6 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.

STOCKS TO BUY: 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 down $0.28 (-0.8%) to $35.60 on heavy volume. Thus far, 24.6 million shares of AT&T exchanged hands as compared to its average daily volume of 22.6 million shares. The stock has ranged in price between $35.03-$35.72 after having opened the day at $35.43 as compared to the previous trading day's close of $35.88.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $189.2 billion and is part of the technology sector. Shares are up 2.0% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that 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.

STOCKS TO BUY: 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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