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MBT, SAP, TDC, INFY And CRM, 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 4.2%, Wipro ( WIT), down 1.7%, VimpelCom ( VIP), down 1.6%, Ericsson Telephone Company ( ERIC), down 1.5% and Google ( GOOG), down 1.4%. Top gainers within the sector include Telecom Italia SpA ADR ( TI.A), up 8.2%, Telecom Italia SpA ( TI), up 7.3%, Kyocera Corporation ( KYO), up 2.7%, Agilent Technologies ( A), up 1.6% and AT&T ( T), up 1.2%.

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 $0.55 (-2.7%) to $19.94 on heavy volume Thus far, 2.3 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $19.80-$20.21 after having opened the day at $20.11 as compared to the previous trading day's close of $20.49.

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 9.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate 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 revenue growth, solid stock price performance, increase in net income, 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 Mobile Telesystems OJSC Ratings Report now.

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