3 Telecommunications Stocks Nudging The Industry Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 17,094 as of Thursday, Aug. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,204 issues advancing vs. 1,745 declining with 194 unchanged.

The Telecommunications industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was China Telecom ( CHA), up 4.5%. On the negative front, top decliners within the industry include Telefonica Brasil ( VIV), down 2.9%, Mobile Telesystems OJSC ( MBT), down 2.8%, America Movil SAB de CV ( AMOV), down 0.7% and Qualcomm ( QCOM), down 0.6%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.67 (2.0%) to $33.92 on light volume. Thus far, 104,019 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 321,000 shares. The stock has ranged in price between $33.76-$33.92 after having opened the day at $33.80 as compared to the previous trading day's close of $33.25.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $75.8 billion and is part of the technology sector. Shares are up 23.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone 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.

2. As of noon trading, SK Telecom ( SKM) is up $0.60 (2.0%) to $30.48 on average volume. Thus far, 566,188 shares of SK Telecom exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $30.21-$30.48 after having opened the day at $30.43 as compared to the previous trading day's close of $29.88.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. SK Telecom has a market cap of $19.1 billion and is part of the technology sector. Shares are up 21.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate SK Telecom a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, 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 SK Telecom 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.

1. As of noon trading, T-Mobile US ( TMUS) is up $0.38 (1.3%) to $29.82 on light volume. Thus far, 1.6 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $29.43-$29.85 after having opened the day at $29.60 as compared to the previous trading day's close of $29.44.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

T-Mobile US, Inc. provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the United States, Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. T-Mobile US has a market cap of $23.8 billion and is part of the technology sector. Shares are down 12.5% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate T-Mobile US a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates T-Mobile US as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full T-Mobile US 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.

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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