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5 Telecommunications Stocks Dragging The Industry Down

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 14 points (0.1%) at 15,368 as of Monday, May 20, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,885 issues advancing vs. 1,048 declining with 118 unchanged.

The Telecommunications industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was America Movil S.A.B. de C.V ( AMOV), up 1.02. Top gainers within the industry include BT Group ( BT), up 2.5%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.9%, Telecom Italia SpA ( TI), up 1.2%, China Telecom ( CHA), up 1.1% and NTT DoCoMo ( DCM), up 0.8%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.17 (-0.6%) to $26.20 on average volume Thus far, 247,882 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 623,700 shares. The stock has ranged in price between $26.06-$26.22 after having opened the day at $26.20 as compared to the previous trading day's close of $26.37.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $63.7 billion and is part of the technology sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 25.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and impressive record of earnings per share growth. 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 Nippon Telegraph & Telephone Ratings Report now.

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