3 Telecommunications Stocks Driving The Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Nortel Inversora ( NTL), down 8.1%, and American Tower ( AMT), down 0.6%.

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

3. Telefonica Brasil ( VIV) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Telefonica Brasil is up $0.33 (1.8%) to $19.14 on light volume. Thus far, 384,797 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $18.79-$19.14 after having opened the day at $18.86 as compared to the previous trading day's close of $18.81.

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Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil has a market cap of $21.0 billion and is part of the technology sector. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Telefonica Brasil a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Telefonica Brasil 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.

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