Telecommunications Stocks On The Rise With Help From 3 Stocks

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 41 points (0.2%) at 17,979 as of Wednesday, June 8, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,939 issues advancing vs. 992 declining with 172 unchanged.

The Telecommunications industry currently sits up 1.1% versus the S&P 500, which is up 0.2%. A company within the industry that increased today was America Movil SAB de CV ( AMOV), up 3.6%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.25 (0.6%) to $44.69 on light volume. Thus far, 49,654 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 290,400 shares. The stock has ranged in price between $44.64-$44.82 after having opened the day at $44.68 as compared to the previous trading day's close of $44.44.

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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 $92.5 billion and is part of the technology sector. Shares are up 11.8% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who 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, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Nippon Telegraph & Telephone Ratings Report now.

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2. As of noon trading, Telefonica Brasil ( VIV) is up $0.34 (2.8%) to $12.60 on heavy volume. Thus far, 1.5 million shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $12.51-$12.70 after having opened the day at $12.62 as compared to the previous trading day's close of $12.25.

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Telefonica Brasil S.A. provides fixed-line and mobile telecommunications services to residential and corporate customers in Brazil. Telefonica Brasil has a market cap of $20.1 billion and is part of the technology sector. Shares are up 35.7% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Telefonica Brasil a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Telefonica Brasil Ratings Report now.

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1. As of noon trading, America Movil SAB de CV ( AMX) is up $0.48 (3.9%) to $13.00 on heavy volume. Thus far, 5.2 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $12.65-$13.02 after having opened the day at $12.72 as compared to the previous trading day's close of $12.52.

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America Movil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. America Movil SAB de CV has a market cap of $40.0 billion and is part of the technology sector. Shares are down 10.9% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate America Movil SAB de CV a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. Get the full America Movil SAB de CV Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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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