3 Stocks Dragging The Telecommunications Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 59 points (0.3%) at 17,066 as of Monday, March 7, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,929 issues advancing vs. 976 declining with 157 unchanged.

The Telecommunications industry currently sits up 1.0% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Telecom Italia SpA ( TI), down 3.4%, Telecom Italia SpA ( TI.A), down 3.3% and China Telecom ( CHA), down 2.6%. A company within the industry that increased today was America Movil SAB de CV ( AMOV), up 1.8%.

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

3. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Philippine Long Distance Telephone is down $1.18 (-3.1%) to $36.73 on light volume. Thus far, 26,417 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 98,000 shares. The stock has ranged in price between $36.60-$37.31 after having opened the day at $37.05 as compared to the previous trading day's close of $37.91.

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Philippine Long Distance Telephone Company provides telecommunications services in the Philippines. Philippine Long Distance Telephone has a market cap of $25.6 billion and is part of the technology sector. Shares are down 11.3% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full Philippine Long Distance Telephone Ratings Report now.

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2. As of noon trading, NTT DOCOMO ( DCM) is down $0.42 (-1.8%) to $22.45 on light volume. Thus far, 42,654 shares of NTT DOCOMO exchanged hands as compared to its average daily volume of 246,700 shares. The stock has ranged in price between $22.32-$22.45 after having opened the day at $22.37 as compared to the previous trading day's close of $22.87.

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NTT DOCOMO, INC. provides mobile communications services in Japan. The company operates through three segments: Telecommunications Business, Smart Life Business, and Other Businesses. NTT DOCOMO has a market cap of $95.7 billion and is part of the technology sector. Shares are up 11.6% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates NTT DOCOMO a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DOCOMO as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full NTT DOCOMO Ratings Report now.

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1. As of noon trading, Nippon Telegraph & Telephone ( NTT) is down $0.55 (-1.3%) to $41.47 on light volume. Thus far, 84,366 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 428,100 shares. The stock has ranged in price between $41.35-$41.54 after having opened the day at $41.45 as compared to the previous trading day's close of $42.02.

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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 $90.4 billion and is part of the technology sector. Shares are up 5.7% year-to-date as of the close of trading on Friday. 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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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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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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