3 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 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.9%, China Telecom ( CHA), down 2.0%, Nippon Telegraph & Telephone ( NTT), down 1.2% and China Unicom (Hong Kong ( CHU), down 1.0%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 11.0%, VeriSign ( VRSN), up 6.6%, Dell ( DELL), up 5.8%, Ericsson Telephone Company ( ERIC), up 1.2% and Baidu ( BIDU), up 1.4%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. P.T. Telekomunikasi Indonesia Tbk ( TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is down $1.28 (-3.4%) to $36.76 on average volume Thus far, 138,992 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 296,700 shares. The stock has ranged in price between $36.70-$37.01 after having opened the day at $36.90 as compared to the previous trading day's close of $38.04.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $19.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 25.1% year to date as of the close of trading on Friday. Currently there are no analysts that rate P.T. Telekomunikasi Indonesia Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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