3 Stocks Dragging In The Telecommunications Industry

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 lower today:

3. Verizon Communications ( VZ) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Verizon Communications is down $0.28 (-0.6%) to $49.54 on light volume. Thus far, 4.4 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.1 million shares. The stock has ranged in price between $49.53-$50.00 after having opened the day at $49.82 as compared to the previous trading day's close of $49.82.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $206.5 billion and is part of the technology sector. Shares are up 1.4% year-to-date as of the close of trading on Friday. Currently there are 22 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, increase in stock price during the past year and expanding profit margins. 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 Verizon Communications Ratings Report now.

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