3 Stocks Advancing 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 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include America Movil SAB de CV ( AMOV), down 2.6%, and Verizon Communications ( VZ), down 0.6%.

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 $0.17 (1.1%) to $15.86 on average volume. Thus far, 228,470 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 411,900 shares. The stock has ranged in price between $15.79-$15.98 after having opened the day at $15.81 as compared to the previous trading day's close of $15.69.

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 $38.3 billion and is part of the technology sector. Shares are up 4.2% year-to-date as of the close of trading on Monday. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow. 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.

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