Today's Top Performers In Telecommunications

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,376 as of Friday, Feb. 19, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,270 issues advancing vs. 1,648 declining with 149 unchanged.

The Telecommunications industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Equinix ( EQIX), up 3.6%. On the negative front, top decliners within the industry include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 4.6%, Telecom Italia SpA ( TI), down 2.6%, America Movil SAB de CV ( AMOV), down 2.1%, Philippine Long Distance Telephone ( PHI), down 1.9% and BT Group ( BT), down 1.3%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, China Unicom (Hong Kong is up $0.26 (2.3%) to $11.34 on average volume. Thus far, 283,795 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 492,500 shares. The stock has ranged in price between $11.16-$11.44 after having opened the day at $11.16 as compared to the previous trading day's close of $11.09.

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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 $26.5 billion and is part of the technology sector. Shares are down 8.0% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who 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 largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full China Unicom (Hong Kong Ratings Report now.

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2. As of noon trading, CommScope ( COMM) is up $1.40 (6.2%) to $23.93 on heavy volume. Thus far, 1.5 million shares of CommScope exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $23.46-$24.89 after having opened the day at $24.65 as compared to the previous trading day's close of $22.53.

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CommScope Holding Company, Inc., together with its subsidiaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband. CommScope has a market cap of $4.4 billion and is part of the technology sector. Shares are down 10.8% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate CommScope a buy, no analysts rate it a sell, and 1 rates it a hold.

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

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1. As of noon trading, Qualcomm ( QCOM) is up $0.29 (0.6%) to $49.37 on average volume. Thus far, 6.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 14.7 million shares. The stock has ranged in price between $48.76-$50.04 after having opened the day at $49.02 as compared to the previous trading day's close of $49.08.

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QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. Qualcomm has a market cap of $72.4 billion and is part of the technology sector. Shares are down 1.8% year-to-date as of the close of trading on Thursday. Currently there are 15 analysts who rate Qualcomm a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Qualcomm as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Qualcomm 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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