5 Stocks Pushing The Telecommunications Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.9%. A company within the industry that fell today was China Telecom (CHA), up 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Turkcell Iletisim Hizmetleri AS (TKC) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.26 (-1.7%) to $15.07 on light volume Thus far, 56,992 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 527,100 shares. The stock has ranged in price between $15.06-$15.18 after having opened the day at $15.17 as compared to the previous trading day's close of $15.33.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network in Turkey. Turkcell Iletisim Hizmetleri AS has a market cap of $13.4 billion and is part of the technology sector. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 29.2% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS 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, notable return on equity, solid stock price performance and increase 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 Turkcell Iletisim Hizmetleri AS Ratings Report now.

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