3 Stocks Pulling The Telecommunications Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 13 points (-0.1%) at 18,461 as of Wednesday, July 27, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,210 issues advancing vs. 1,692 declining with 152 unchanged.

The Telecommunications industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was America Movil SAB de CV ( AMOV), up 1.5%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.42 (-0.9%) to $46.67 on light volume. Thus far, 88,116 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 316,700 shares. The stock has ranged in price between $46.62-$46.82 after having opened the day at $46.80 as compared to the previous trading day's close of $47.09.

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Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunication equipment, system integration, and other telecommunications-related services in Japan and internationally. Nippon Telegraph & Telephone has a market cap of $98.3 billion and is part of the technology sector. Shares are up 18.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Nippon Telegraph & Telephone Ratings Report now.

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2. As of noon trading, America Movil SAB de CV ( AMX) is down $0.23 (-1.9%) to $12.11 on average volume. Thus far, 1.6 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 $12.11-$12.48 after having opened the day at $12.36 as compared to the previous trading day's close of $12.34.

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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 $40.8 billion and is part of the technology sector. Shares are down 12.2% year-to-date as of the close of trading on Tuesday. 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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1. As of noon trading, Level 3 Communications ( LVLT) is down $3.00 (-5.4%) to $52.99 on heavy volume. Thus far, 5.3 million shares of Level 3 Communications exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $51.96-$54.50 after having opened the day at $54.50 as compared to the previous trading day's close of $55.99.

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Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services. It operates through North America, EMEA, and Latin America segments. Level 3 Communications has a market cap of $20.1 billion and is part of the technology sector. Shares are up 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Level 3 Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Level 3 Communications as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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 Level 3 Communications 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).

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