3 Stocks Advancing The Telecommunications Industry

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 17,606 as of Monday, March 21, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,702 declining with 158 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include Telecom Italia SpA ( TI), up 3.1%, Telecom Italia SpA ( TI.A), up 2.6% and AT&T ( T), up 1.1%. A company within the industry that fell today was America Movil SAB de CV ( AMOV), up 0.9%.

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

3. Tim Participacoes ( TSU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Tim Participacoes is up $0.74 (6.9%) to $11.49 on heavy volume. Thus far, 1.8 million shares of Tim Participacoes exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $10.71-$11.65 after having opened the day at $10.90 as compared to the previous trading day's close of $10.75.

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TIM Participacoes S.A., through its subsidiaries, provides mobile telecommunication services for residential and business customers in Brazil. The company offers mobile, fixed, and long distance telephony; data transmission; and broadband services. Tim Participacoes has a market cap of $5.4 billion and is part of the technology sector. Shares are up 26.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Tim Participacoes a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tim Participacoes as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full Tim Participacoes Ratings Report now.

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