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 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%. A company within the industry that fell today was Verizon Communications ( VZ), up 0.7%. 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%.

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

3. BT Group ( BT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BT Group is down $1.26 (-2.0%) to $62.50 on light volume. Thus far, 44,028 shares of BT Group exchanged hands as compared to its average daily volume of 126,700 shares. The stock has ranged in price between $62.48-$63.06 after having opened the day at $62.97 as compared to the previous trading day's close of $63.76.

BT Group plc provides communications services worldwide. The company operates through BT Global Services, BT Business, BT Consumer, BT Wholesale, and Openreach segments. BT Group has a market cap of $52.0 billion and is part of the technology sector. Shares are up 1.0% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full BT Group Ratings Report now.

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