3 Stocks Underperforming Today In The Telecommunications Industry

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 16,848 as of Wednesday, March 2, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,599 issues advancing vs. 1,307 declining with 169 unchanged.

The Telecommunications industry currently sits up 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Equinix ( EQIX), down 2.3%, and China Telecom ( CHA), down 0.9%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.25 (-0.6%) to $43.06 on heavy volume. Thus far, 365,154 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 428,200 shares. The stock has ranged in price between $42.83-$43.07 after having opened the day at $42.84 as compared to the previous trading day's close of $43.31.

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Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan and internationally. Nippon Telegraph & Telephone has a market cap of $89.5 billion and is part of the technology sector. Shares are up 9.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone 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, solid stock price performance, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Nippon Telegraph & Telephone Ratings Report now.

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3 Stocks Pulling The Telecommunications Industry Downward