MBT, ERIC, SAP, TSM And DELL, Pushing Technology Sector Downward

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 down today with the Dow Jones Industrial Average (^DJI) trading down 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ADR (TI.A), down 3.8%, VimpelCom (VIP), down 2.6% and Telefonica (TEF), down 2.0%.

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

5. Mobile Telesystems OJSC (MBT) is one of the companies pushing the Technology sector lower today. As of noon trading, Mobile Telesystems OJSC is down $0.58 (-2.8%) to $19.98 on heavy volume Thus far, 2.0 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $19.69-$20.35 after having opened the day at $20.29 as compared to the previous trading day's close of $20.56.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $20.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Mobile Telesystems OJSC a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. 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 Mobile Telesystems OJSC Ratings Report now.

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