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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 3.1%, Thomson Reuters Corporation ( TRI), down 1.8%, Telefonica ( TEF), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.4% and China Unicom (Hong Kong ( CHU), down 1.3%. A company within the sector that increased today was Kyocera Corporation ( KYO), up 1.9%.

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 $0.86 (-3.3%) to $25.35 on light volume Thus far, 2.6 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $25.34-$26.02 after having opened the day at $26.01 as compared to the previous trading day's close of $26.21.

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 $96.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 16.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 5 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, increase in net income, expanding profit margins and growth in earnings per share. 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.

If you liked this article you might like

Mexican Supreme Court Could Restore Revenue Stream for America Movil

Samsung Teams With America Movil in Latin America