3 Stocks Pushing The Telecommunications Industry Lower

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.

One 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 lower today:

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, China Unicom (Hong Kong is down $0.18 (-1.1%) to $16.86 on light volume. Thus far, 113,362 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 403,600 shares. The stock has ranged in price between $16.81-$16.91 after having opened the day at $16.84 as compared to the previous trading day's close of $17.04.

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 $41.6 billion and is part of the technology sector. Shares are up 13.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that 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 down $0.55 (-1.7%) to $30.99 on light volume. Thus far, 235,351 shares of SK Telecom exchanged hands as compared to its average daily volume of 989,900 shares. The stock has ranged in price between $30.89-$31.21 after having opened the day at $31.21 as compared to the previous trading day's close of $31.54.

SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. SK Telecom has a market cap of $20.0 billion and is part of the technology sector. Shares are up 28.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that 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, Mobile Telesystems OJSC ( MBT) is down $0.79 (-4.5%) to $16.96 on heavy volume. Thus far, 3.9 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $16.56-$17.40 after having opened the day at $17.30 as compared to the previous trading day's close of $17.75.

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $18.5 billion and is part of the technology sector. Shares are down 17.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Mobile Telesystems OJSC 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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