Telecommunications Stocks On The Rise With Help From 3 Stocks

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that increased today was Telecom Italia SpA ( TI), up 1.4%. On the negative front, top decliners within the industry include Chunghwa Telecom ( CHT), down 1.0%, and China Telecom ( CHA), down 0.5%.

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

3. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is up $0.78 (1.7%) to $46.23 on light volume. Thus far, 74,034 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 243,500 shares. The stock has ranged in price between $45.61-$46.23 after having opened the day at $45.70 as compared to the previous trading day's close of $45.45.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in worldwide. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $113.2 billion and is part of the technology sector. Shares are up 26.8% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Telekomunikasi Indonesia (Persero) Tbk 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.

2. As of noon trading, SK Telecom ( SKM) is up $0.42 (1.5%) to $28.34 on heavy volume. Thus far, 1.0 million shares of SK Telecom exchanged hands as compared to its average daily volume of 888,900 shares. The stock has ranged in price between $28.03-$28.76 after having opened the day at $28.55 as compared to the previous trading day's close of $27.92.

SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. SK Telecom has a market cap of $18.1 billion and is part of the technology sector. Shares are up 13.4% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate SK Telecom a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full SK Telecom 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.

1. As of noon trading, Qualcomm ( QCOM) is up $0.55 (0.8%) to $73.10 on heavy volume. Thus far, 6.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $72.83-$73.32 after having opened the day at $72.87 as compared to the previous trading day's close of $72.55.

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 $123.6 billion and is part of the technology sector. Shares are down 2.3% year-to-date as of the close of trading on Friday. Currently there are 19 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 8 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, increase in stock price during the past year and growth in earnings per share. 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 Qualcomm 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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