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 34 points (-0.2%) at 17,564 as of Tuesday, Aug. 4, 2015, 1:15 PM ET. The NYSE advances/declines ratio sits at 1,528 issues advancing vs. 1,459 declining with 151 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is down 0.2%. Top gainers within the industry include America Movil SAB de CV ( AMOV), up 2.2%, and American Tower ( AMT), up 1.0%. On the negative front, top decliners within the industry include West ( WSTC), down 13.5%, and China Unicom (Hong Kong ( CHU), down 0.8%.

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

3. Chunghwa Telecom ( CHT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Chunghwa Telecom is up $0.55 (1.8%) to $31.61 on heavy volume. Thus far, 99,749 shares of Chunghwa Telecom exchanged hands as compared to its average daily volume of 110,300 shares. The stock has ranged in price between $31.39-$31.67 after having opened the day at $31.41 as compared to the previous trading day's close of $31.06.

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Chunghwa Telecom Co., Ltd. provides telecommunication services primarily in Taiwan. The company's Domestic Fixed Communications Business segment provides local telephone services, domestic long distance telephone services, broadband access, and related services. Chunghwa Telecom has a market cap of $24.1 billion and is part of the technology sector. Shares are up 5.5% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Chunghwa Telecom a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Chunghwa Telecom 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chunghwa Telecom Ratings Report now.

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2. As of noon trading, VimpelCom ( VIP) is up $0.14 (2.4%) to $5.74 on average volume. Thus far, 784,581 shares of VimpelCom exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $5.67-$5.80 after having opened the day at $5.68 as compared to the previous trading day's close of $5.60.

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VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. VimpelCom has a market cap of $10.2 billion and is part of the technology sector. Shares are up 34.1% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate VimpelCom a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full VimpelCom Ratings Report now.

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1. As of noon trading, America Movil SAB de CV ( AMX) is up $0.19 (1.0%) to $19.60 on average volume. Thus far, 2.3 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $19.43-$19.72 after having opened the day at $19.46 as compared to the previous trading day's close of $19.41.

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America Movil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers mobile and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. America Movil SAB de CV has a market cap of $65.4 billion and is part of the technology sector. Shares are down 12.5% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate America Movil SAB de CV a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and feeble growth in the company's earnings per share. Get the full America Movil SAB de CV 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).