3 Stocks Pushing The Telecommunications Industry Lower

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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.

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