All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Telecommunications industry currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include NTT DOCOMO ( DCM), down 1.4%, and Nippon Telegraph & Telephone ( NTT), down 1.0%.

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

3. Chunghwa Telecom ( CHT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Chunghwa Telecom is down $0.63 (-1.6%) to $37.60 on light volume. Thus far, 95,515 shares of Chunghwa Telecom exchanged hands as compared to its average daily volume of 261,000 shares. The stock has ranged in price between $37.43-$37.88 after having opened the day at $37.88 as compared to the previous trading day's close of $38.23.

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Chunghwa Telecom Co., Ltd. provides telecommunication services primarily in Taiwan. Chunghwa Telecom has a market cap of $28.4 billion and is part of the technology sector. Shares are up 27.3% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Chunghwa Telecom a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Chunghwa Telecom as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Chunghwa Telecom Ratings Report now.

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2. As of noon trading, BT Group ( BT) is down $0.34 (-1.2%) to $26.91 on average volume. Thus far, 167,408 shares of BT Group exchanged hands as compared to its average daily volume of 396,700 shares. The stock has ranged in price between $26.88-$27.20 after having opened the day at $26.98 as compared to the previous trading day's close of $27.25.

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BT Group plc provides communications services worldwide. BT Group has a market cap of $52.0 billion and is part of the technology sector. Shares are down 21.3% 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 2 rate 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.

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1. As of noon trading, Telefonica ( TEF) is down $0.14 (-1.4%) to $9.64 on average volume. Thus far, 651,618 shares of Telefonica exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $9.62-$9.73 after having opened the day at $9.71 as compared to the previous trading day's close of $9.77.

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Telefonica, S.A. provides mobile and fixed communication services primarily in the European Union and Latin America. Telefonica has a market cap of $46.6 billion and is part of the technology sector. Shares are down 11.7% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Telefonica a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Telefonica 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).