3 Telecommunications Stocks Pushing Industry Growth

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is down 0.3%. A company within the industry that increased today was America Movil SAB de CV ( AMOV), up 1.4%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, China Unicom (Hong Kong is up $0.22 (1.3%) to $17.96 on heavy volume. Thus far, 363,366 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 363,100 shares. The stock has ranged in price between $17.88-$18.20 after having opened the day at $18.16 as compared to the previous trading day's close of $17.73.

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

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, broadband and other Internet-related, information communications technology, and business and data communications services in China. China Unicom (Hong Kong has a market cap of $42.2 billion and is part of the technology sector. Shares are up 17.7% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. Get the full China Unicom (Hong Kong 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 $0.80 (2.7%) to $30.72 on average volume. Thus far, 475,507 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 $30.53-$30.86 after having opened the day at $30.60 as compared to the previous trading day's close of $29.92.

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 21.5% year-to-date as of the close of trading on Friday. 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 solid stock price performance, revenue growth, 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, America Movil SAB de CV ( AMX) is up $0.41 (1.7%) to $24.92 on average volume. Thus far, 3.0 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $24.31-$24.95 after having opened the day at $24.42 as compared to the previous trading day's close of $24.51.

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

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 $86.4 billion and is part of the technology sector. Shares are up 4.9% year-to-date as of the close of trading on Friday. 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 solid stock price performance, revenue growth, 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.

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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