3 Stocks Driving The Telecommunications Industry Higher

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 120 points (-0.7%) at 17,956 as of Thursday, June 4, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 740 issues advancing vs. 2,233 declining with 147 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the industry include American Tower ( AMT), up 2.2%, Telecom Italia SpA ( TI.A), up 2.2% and AT&T ( T), up 1.2%. On the negative front, top decliners within the industry include America Movil SAB de CV ( AMOV), down 1.9%, NTT DoCoMo ( DCM), down 1.5%, China Unicom (Hong Kong ( CHU), down 1.3%, Nippon Telegraph & Telephone ( NTT), down 1.1% and Telefonica ( TEF), down 1.0%.

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

3. SBA Communications ( SBAC) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, SBA Communications is up $4.10 (3.6%) to $118.30 on heavy volume. Thus far, 1.7 million shares of SBA Communications exchanged hands as compared to its average daily volume of 912,100 shares. The stock has ranged in price between $115.59-$119.98 after having opened the day at $115.60 as compared to the previous trading day's close of $114.21.

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SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. SBA Communications has a market cap of $14.9 billion and is part of the technology sector. Shares are up 3.1% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate SBA Communications a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SBA Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full SBA Communications Ratings Report now.

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2. As of noon trading, T-Mobile US ( TMUS) is up $1.53 (4.0%) to $39.86 on heavy volume. Thus far, 11.2 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $39.75-$40.77 after having opened the day at $40.44 as compared to the previous trading day's close of $38.33.

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T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. T-Mobile US has a market cap of $31.3 billion and is part of the technology sector. Shares are up 42.3% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate T-Mobile US a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates T-Mobile US as a buy. 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, revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full T-Mobile US Ratings Report now.

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1. As of noon trading, Crown Castle International ( CCI) is up $1.67 (2.0%) to $83.64 on heavy volume. Thus far, 3.1 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $82.02-$85.79 after having opened the day at $82.29 as compared to the previous trading day's close of $81.97.

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Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. Crown Castle International has a market cap of $27.5 billion and is part of the technology sector. Shares are up 4.2% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Crown Castle International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Crown Castle International as a buy. 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, revenue growth, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Crown Castle International Ratings Report now.

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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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