3 Telecommunications Stocks Pushing Industry Growth

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 16,525 as of Friday, Jan. 8, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,027 issues advancing vs. 1,896 declining with 168 unchanged.

The Telecommunications industry currently sits down 0.5% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was China Telecom ( CHA), up 0.8%. On the negative front, top decliners within the industry include America Movil SAB de CV ( AMOV), down 2.4%, Telecom Italia SpA ( TI), down 2.2%, American Tower ( AMT), down 1.2% and NTT DoCoMo ( DCM), down 0.8%.

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

3. Alcatel-Lucent ( ALU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Alcatel-Lucent is up $0.11 (2.8%) to $4.01 on average volume. Thus far, 3.4 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $4.00-$4.08 after having opened the day at $4.03 as compared to the previous trading day's close of $3.90.

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Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. Alcatel-Lucent has a market cap of $10.9 billion and is part of the technology sector. Shares are up 1.8% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Alcatel-Lucent a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk. Get the full Alcatel-Lucent Ratings Report now.

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2. As of noon trading, LM Ericsson Telephone ( ERIC) is up $0.10 (1.1%) to $9.16 on average volume. Thus far, 1.4 million shares of LM Ericsson Telephone exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $9.16-$9.25 after having opened the day at $9.20 as compared to the previous trading day's close of $9.06.

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Ericsson provides communications technology and services worldwide. The company's Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. LM Ericsson Telephone has a market cap of $30.2 billion and is part of the technology sector. Shares are down 5.7% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate LM Ericsson Telephone a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 a generally disappointing performance in the stock itself and disappointing return on equity. Get the full LM Ericsson Telephone Ratings Report now.

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1. As of noon trading, Nokia Oyj ( NOK) is up $0.18 (2.6%) to $7.32 on heavy volume. Thus far, 19.7 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $7.30-$7.43 after having opened the day at $7.39 as compared to the previous trading day's close of $7.14.

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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. Nokia Oyj has a market cap of $26.0 billion and is part of the technology sector. Shares are up 1.7% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Nokia Oyj a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nokia Oyj 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).