3 Stocks Pushing The Telecommunications Industry Downward

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 lower today:

3. BT Group ( BT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BT Group is down $0.34 (-1.1%) to $31.11 on heavy volume. Thus far, 193,533 shares of BT Group exchanged hands as compared to its average daily volume of 225,500 shares. The stock has ranged in price between $31.00-$31.29 after having opened the day at $31.23 as compared to the previous trading day's close of $31.45.

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.

BT Group plc provides communications services worldwide. BT Group has a market cap of $62.7 billion and is part of the technology sector. Shares are down 9.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full BT Group 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.

2. As of noon trading, PT Telekomunikasi Indonesia (Persero) Tbk ( TLK) is down $1.77 (-3.0%) to $57.38 on light volume. Thus far, 88,780 shares of PT Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 236,900 shares. The stock has ranged in price between $57.34-$59.44 after having opened the day at $59.44 as compared to the previous trading day's close of $59.15.

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.

PT Telekomunikasi Indonesia Tbk engages in telecommunications, information, and media and edutainment businesses worldwide. PT Telekomunikasi Indonesia (Persero) Tbk has a market cap of $28.3 billion and is part of the technology sector. Shares are up 33.2% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate PT Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates PT Telekomunikasi Indonesia (Persero) Tbk 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 solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full PT Telekomunikasi Indonesia (Persero) Tbk 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.

1. As of noon trading, Verizon Communications ( VZ) is down $0.43 (-0.8%) to $51.32 on light volume. Thus far, 4.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $51.32-$51.70 after having opened the day at $51.51 as compared to the previous trading day's close of $51.75.

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.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $206.7 billion and is part of the technology sector. Shares are up 12.0% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Verizon Communications a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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).