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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 70 points (-0.4%) at 16,940 as of Monday, Oct. 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,489 issues advancing vs. 1,550 declining with 137 unchanged.

The Telecommunications industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI.A), down 1.7%, and Telecom Italia SpA ( TI), down 1.5%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.27 (-0.9%) to $29.72 on light volume. Thus far, 55,300 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 319,900 shares. The stock has ranged in price between $29.69-$29.86 after having opened the day at $29.86 as compared to the previous trading day's close of $29.99.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $68.3 billion and is part of the technology sector. Shares are up 10.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, expanding profit margins 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 Nippon Telegraph & Telephone 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, Globalstar ( GSAT) is down $0.50 (-16.8%) to $2.50 on heavy volume. Thus far, 17.3 million shares of Globalstar exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $2.45-$3.42 after having opened the day at $2.93 as compared to the previous trading day's close of $3.01.

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. Globalstar has a market cap of $2.4 billion and is part of the technology sector. Shares are up 72.0% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Globalstar a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Globalstar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share. Get the full Globalstar 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, SK Telecom ( SKM) is down $1.63 (-5.3%) to $28.95 on average volume. Thus far, 706,169 shares of SK Telecom exchanged hands as compared to its average daily volume of 995,600 shares. The stock has ranged in price between $28.80-$29.06 after having opened the day at $28.87 as compared to the previous trading day's close of $30.58.

SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. SK Telecom has a market cap of $19.6 billion and is part of the technology sector. Shares are up 24.2% year-to-date as of the close of trading on Friday. 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, growth in earnings per share, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

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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