3 Stocks Dragging The Telecommunications Industry Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 39 points (0.2%) at 17,686 as of Tuesday, Nov. 18, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,967 issues advancing vs. 1,008 declining with 165 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Telefonica ( TEF), up 1.8%, BT Group ( BT), up 1.5%, NTT DoCoMo ( DCM), up 0.9% and Nippon Telegraph & Telephone ( NTT), up 0.8%.

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

3. China Telecom ( CHA) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, China Telecom is down $1.40 (-2.2%) to $60.85 on average volume. Thus far, 21,556 shares of China Telecom exchanged hands as compared to its average daily volume of 44,300 shares. The stock has ranged in price between $60.73-$61.08 after having opened the day at $60.83 as compared to the previous trading day's close of $62.25.

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

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. China Telecom has a market cap of $52.2 billion and is part of the technology sector. Shares are up 23.1% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate China Telecom a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full China 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.

2. As of noon trading, China Unicom (Hong Kong ( CHU) is down $0.12 (-0.8%) to $14.38 on light volume. Thus far, 80,170 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 409,000 shares. The stock has ranged in price between $14.31-$14.40 after having opened the day at $14.33 as compared to the previous trading day's close of $14.50.

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 $35.2 billion and is part of the technology sector. Shares are down 3.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates China Unicom (Hong Kong a buy, no analysts rate it a sell, and 2 rate 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 impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. 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.

1. As of noon trading, Globalstar ( GSAT) is down $0.26 (-9.3%) to $2.54 on average volume. Thus far, 2.6 million shares of Globalstar exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $2.50-$2.72 after having opened the day at $2.62 as compared to the previous trading day's close of $2.80.

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

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. Globalstar has a market cap of $2.5 billion and is part of the technology sector. Shares are up 69.7% year-to-date as of the close of trading on Monday. 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 area that we feel has been the company's primary weakness has been its 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.

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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