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 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 lower today: 3. Telefonica ( TEF) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telefonica is down $0.12 (-0.8%) to $15.60 on light volume. Thus far, 246,559 shares of Telefonica exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $15.56-$15.65 after having opened the day at $15.57 as compared to the previous trading day's close of $15.72. 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 $71.6 billion and is part of the technology sector. Shares are down 3.8% year-to-date as of the close of trading on Tuesday. 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 buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year, increase in net income and growth in earnings per share. 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 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.