3 Stocks Pushing The Telecommunications Industry Higher

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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Telecommunications industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include China Unicom (Hong Kong (CHU), up 1.5%, China Telecom (CHA), up 1.0%, America Movil S.A.B. de C.V (AMOV), up 0.9%, AT&T (T), up 0.9% and Qualcomm (QCOM), up 0.5%. On the negative front, top decliners within the industry include Telecom Argentina (TEO), down 7.4%, BT Group (BT), down 1.2% and Nippon Telegraph & Telephone (NTT), down 0.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. P.T. Telekomunikasi Indonesia Tbk (TLK) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is up $2.23 (5.3%) to $44.57 on heavy volume Thus far, 189,743 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 203,000 shares. The stock has ranged in price between $43.67-$44.60 after having opened the day at $43.67 as compared to the previous trading day's close of $42.34.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $20.4 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 14.6% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate P.T. Telekomunikasi Indonesia Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins 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 P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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