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5 Stocks Dragging In The Telecommunications Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Telecommunications industry currently sits down 0.9% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include America Movil S.A.B. de C.V ( AMOV), down 2.4%, and BT Group ( BT), down 1.4%.

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

5. KT Corporation ( KT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, KT Corporation is down $0.92 (-5.8%) to $14.75 on average volume. Thus far, 207,312 shares of KT Corporation exchanged hands as compared to its average daily volume of 377,300 shares. The stock has ranged in price between $14.70-$15.08 after having opened the day at $14.94 as compared to the previous trading day's close of $15.67.

KT Corporation provides telecommunication services in Korea. KT Corporation has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are down 7.8% year to date as of the close of trading on Friday. Currently there are no analysts that rate KT Corporation a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates KT Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full KT Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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