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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 17,605 as of Wednesday, Nov. 12, 2014, 12:20 PM ET. The NYSE advances/declines ratio sits at 1,473 issues advancing vs. 1,490 declining with 167 unchanged.

The Telecommunications industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include America Movil SAB de CV ( AMX), down 2.2%, and NTT DoCoMo ( DCM), down 1.0%.

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 $0.40 (-1.4%) to $28.16 on average volume. Thus far, 147,305 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 322,800 shares. The stock has ranged in price between $28.03-$28.21 after having opened the day at $28.06 as compared to the previous trading day's close of $28.56.

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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 $65.2 billion and is part of the technology sector. Shares are up 5.6% year-to-date as of the close of trading on Tuesday. 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, solid stock price performance, 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.

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2. As of noon trading, LM Ericsson Telephone Company ( ERIC) is down $0.14 (-1.2%) to $11.78 on light volume. Thus far, 631,866 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $11.74-$11.84 after having opened the day at $11.79 as compared to the previous trading day's close of $11.92.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: Networks, Global Services, Support Solutions, and Modems. LM Ericsson Telephone Company has a market cap of $37.6 billion and is part of the technology sector. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate LM Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company 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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full LM Ericsson Telephone Company Ratings Report now.

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1. As of noon trading, Nokia Oyj ( NOK) is down $0.10 (-1.2%) to $8.07 on light volume. Thus far, 6.0 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 19.4 million shares. The stock has ranged in price between $8.05-$8.11 after having opened the day at $8.06 as compared to the previous trading day's close of $8.17.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Nokia Corporation is engaged in the network infrastructure, location-based technologies, and advanced technologies businesses worldwide. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Technologies. Nokia Oyj has a market cap of $29.9 billion and is part of the technology sector. Shares are up 0.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Nokia Oyj a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Get the full Nokia Oyj 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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