OIBR, TSU And VIV, 3 Telecommunications Stocks Pushing The Industry Lower

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,332 as of Monday, Oct. 20, 2014, 1:10 PM ET. The NYSE advances/declines ratio sits at 1,955 issues advancing vs. 1,088 declining with 123 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. A company within the industry that fell today was America Movil SAB de CV ( AMOV), up 0.9%. A company within the industry that increased today was China Telecom ( CHA), up 1.9%.

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

3. Oi ( OIBR) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Oi is down $0.04 (-7.2%) to $0.47 on heavy volume. Thus far, 17.0 million shares of Oi exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $0.46-$0.48 after having opened the day at $0.47 as compared to the previous trading day's close of $0.51.

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Oi S.A., through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and governmental agencies in Brazil. It operates in three segments: Fixed-Line and Data Transmission Services, Mobile Services, and Other Services. Oi has a market cap of $4.5 billion and is part of the technology sector. Shares are down 67.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Oi a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Oi as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Oi Ratings Report now.

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