4 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 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Telecommunications industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include BT Group (BT), down 0.8%, and NTT DoCoMo (DCM), down 0.5%. Top gainers within the industry include Telecom Italia SpA ADR (TI.A), up 4.3%, Telecom Italia SpA (TI), up 3.4% and Siemens (SI), up 1.0%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. P.T. Telekomunikasi Indonesia Tbk (TLK) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is down $0.59 (-1.3%) to $43.74 on heavy volume Thus far, 164,202 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 214,500 shares. The stock has ranged in price between $43.00-$43.75 after having opened the day at $43.50 as compared to the previous trading day's close of $44.33.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $22.0 billion and is part of the technology sector. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 20.0% 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 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 P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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