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5 Stocks Pushing The Technology Sector 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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.2%) at 14,421 as of Monday, March 11, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,375 issues advancing vs. 1,531 declining with 142 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Akamai Technologies ( AKAM), down 2.7%, Telecom Italia SpA ADR ( TI.A), down 2.7%, Telecom Italia SpA ( TI), down 2.1%, Intuit ( INTU), down 1.8% and China Unicom (Hong Kong ( CHU), down 1.4%. Top gainers within the sector include Research in Motion ( BBRY), up 11.0%, Research in Motion ( RIMM), up 11.0%, Ericsson Telephone Company ( ERIC), up 1.0%, EMC Corporation ( EMC), up 1.3% and BT Group ( BT), up 1.2%.

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

5. America Movil S.A.B. de C.V ( AMX) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil S.A.B. de C.V is down $0.34 (-1.6%) to $21.10 on heavy volume Thus far, 10.0 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $20.70-$21.45 after having opened the day at $21.20 as compared to the previous trading day's close of $21.44.

America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $79.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full America Movil S.A.B. de C.V Ratings Report now.

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