3 Telecommunications Stocks Moving The Industry Upward

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the industry include KT Corporation ( KT), up 3.2%, Telecom Italia SpA ( TI.A), up 2.9%, Telecom Italia SpA ( TI), up 2.3%, China Unicom (Hong Kong ( CHU), up 1.0% and America Movil SAB de CV ( AMOV), up 0.8%. A company within the industry that fell today was Verizon Communications ( VZ), up 0.7%.

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

3. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Mobile Telesystems OJSC is up $0.34 (2.0%) to $17.61 on light volume. Thus far, 622,840 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $17.30-$17.65 after having opened the day at $17.35 as compared to the previous trading day's close of $17.27.

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $17.9 billion and is part of the technology sector. Shares are down 20.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, 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 Mobile Telesystems OJSC Ratings Report now.

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2. As of noon trading, America Movil SAB de CV ( AMX) is up $0.18 (0.8%) to $22.72 on average volume. Thus far, 2.5 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $22.39-$22.78 after having opened the day at $22.63 as compared to the previous trading day's close of $22.54.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. America Movil SAB de CV has a market cap of $81.8 billion and is part of the technology sector. Shares are down 3.5% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates America Movil SAB de CV a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full America Movil SAB de CV Ratings Report now.

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1. As of noon trading, Qualcomm ( QCOM) is up $0.44 (0.6%) to $72.93 on light volume. Thus far, 3.3 million shares of Qualcomm exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $72.50-$73.32 after having opened the day at $72.72 as compared to the previous trading day's close of $72.49.

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 $122.2 billion and is part of the technology sector. Shares are down 2.4% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 7 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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