4 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 2.5%, Nippon Telegraph & Telephone ( NTT), down 1.3%, Intel ( INTC), down 1.1% and America Movil S.A.B. de C.V ( AMOV), down 0.7%. Top gainers within the sector include Nokia Oyj ( NOK), up 7.6%, VMWare ( VMW), up 2.7%, Hewlett-Packard ( HPQ), up 2.1%, Ericsson Telephone Company ( ERIC), up 2.1% and China Telecom ( CHA), up 1.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica Brasil S.A is down $0.44 (-1.9%) to $22.76 on light volume Thus far, 604,809 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $22.66-$22.82 after having opened the day at $22.78 as compared to the previous trading day's close of $23.20.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $25.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are down 15.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Telefonica Brasil S.A a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Telefonica Brasil S.A Ratings Report now.

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