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%. On the negative front, top decliners within the industry include Chunghwa Telecom ( CHT), down 1.0%, and China Telecom ( CHA), down 0.5%. A company within the industry that increased today was Telecom Italia SpA ( TI), up 1.4%. TheStreet would like to highlight 3 stocks pushing the industry lower today: 3. Telefonica ( TEF) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telefonica is down $0.14 (-0.9%) to $16.01 on average volume. Thus far, 399,243 shares of Telefonica exchanged hands as compared to its average daily volume of 993,000 shares. The stock has ranged in price between $15.98-$16.10 after having opened the day at $16.09 as compared to the previous trading day's close of $16.15. Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Telefonica has a market cap of $73.9 billion and is part of the technology sector. Shares are down 1.2% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 1 rates it a hold. TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Telefonica 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.