3 Stocks Dragging In The Telecommunications Industry

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 88 points (0.5%) at 17,013 as of Thursday, Oct. 15, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,733 issues advancing vs. 1,240 declining with 181 unchanged.

The Telecommunications industry currently sits up 0.6% versus the S&P 500, which is up 0.5%.

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 $1.47 (-2.7%) to $52.89 on heavy volume. Thus far, 49,404 shares of China Telecom exchanged hands as compared to its average daily volume of 44,600 shares. The stock has ranged in price between $52.55-$53.18 after having opened the day at $52.93 as compared to the previous trading day's close of $54.36.

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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 $41.7 billion and is part of the technology sector. Shares are down 7.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate China Telecom a buy, no analysts rate it a sell, and none rate 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, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. Get the full China Telecom Ratings Report now.

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2. As of noon trading, China Unicom (Hong Kong ( CHU) is down $1.08 (-7.3%) to $13.62 on heavy volume. Thus far, 676,248 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 555,800 shares. The stock has ranged in price between $13.51-$13.81 after having opened the day at $13.80 as compared to the previous trading day's close of $14.69.

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China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications services in the People's Republic of China. China Unicom (Hong Kong has a market cap of $32.6 billion and is part of the technology sector. Shares are up 9.2% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none 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 increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong Ratings Report now.

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1. As of noon trading, Telefonica Brasil ( VIV) is down $0.15 (-1.5%) to $9.71 on light volume. Thus far, 1.2 million shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $9.62-$9.92 after having opened the day at $9.80 as compared to the previous trading day's close of $9.86.

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Telefonica Brasil S.A. Telefonica Brasil has a market cap of $16.7 billion and is part of the technology sector. Shares are down 44.2% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Telefonica Brasil 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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