3 Stocks Dragging In The Telecommunications Industry

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 269 points (-1.5%) at 17,131 as of Monday, June 27, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 483 issues advancing vs. 2,516 declining with 99 unchanged.

The Telecommunications industry currently sits down 2.3% versus the S&P 500, which is down 1.8%. On the negative front, top decliners within the industry include BT Group ( BT), down 5.7%, and America Movil SAB de CV ( AMOV), down 2.8%.

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

3. America Movil SAB de CV ( AMX) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, America Movil SAB de CV is down $0.24 (-2.1%) to $11.38 on average volume. Thus far, 1.9 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $11.33-$11.57 after having opened the day at $11.57 as compared to the previous trading day's close of $11.62.

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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 $41.0 billion and is part of the technology sector. Shares are down 17.4% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate America Movil SAB de CV a buy, 2 analysts rate it a sell, and 8 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.

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2. As of noon trading, Nokia Oyj ( NOK) is down $0.14 (-2.8%) to $5.06 on heavy volume. Thus far, 11.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 13.7 million shares. The stock has ranged in price between $5.01-$5.14 after having opened the day at $5.13 as compared to the previous trading day's close of $5.21.

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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. It operates in five business groups: Mobile Networks, Fixed Networks, IP/Optical Networks, Applications & Analytics, and Nokia Technologies. Nokia Oyj has a market cap of $32.6 billion and is part of the technology sector. Shares are down 25.8% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Nokia Oyj Ratings Report now.

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1. As of noon trading, Qualcomm ( QCOM) is down $1.16 (-2.2%) to $50.96 on average volume. Thus far, 4.9 million shares of Qualcomm exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $50.84-$52.29 after having opened the day at $52.29 as compared to the previous trading day's close of $52.12.

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QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. Qualcomm has a market cap of $81.6 billion and is part of the technology sector. Shares are up 4.3% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate Qualcomm a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Qualcomm 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).