3 Stocks Raising The Telecommunications Industry Higher

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 17,140 as of Wednesday, Sept. 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,738 issues advancing vs. 1,242 declining with 174 unchanged.

The Telecommunications industry currently sits up 0.8% versus the S&P 500, which is unchanged. A company within the industry that increased today was Telecom Italia SpA ( TI), up 1.9%.

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

3. Tim Participacoes ( TSU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Tim Participacoes is up $0.69 (2.4%) to $29.14 on heavy volume. Thus far, 1.1 million shares of Tim Participacoes exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $28.61-$29.17 after having opened the day at $28.62 as compared to the previous trading day's close of $28.45.

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TIM Participac es S.A., through its subsidiaries, provides telecommunication services in Brazil. The company offers mobile, fixed, and long distance telephony; data transmission; and Internet services. Tim Participacoes has a market cap of $14.2 billion and is part of the technology sector. Shares are up 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Tim Participacoes a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tim Participacoes as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Tim Participacoes 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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