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 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include Clearwire ( CLWR), down 13.1%, Activision Blizzard ( ATVI), down 2.2%, China Telecom ( CHA), down 1.6%, Nippon Telegraph & Telephone ( NTT), down 1.3% and Infosys ( INFY), down 1.1%. Top gainers within the sector include Geospace Technologies ( GEOS), up 29.6%, Google ( GOOG), up 2.0%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 1.7%, EMC Corporation ( EMC), up 1.3% and Salesforce.com ( CRM), up 1.4%.

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

4. 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 $0.14 (-0.6%) to $23.60 on average volume Thus far, 2.8 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $23.57-$23.74 after having opened the day at $23.74 as compared to the previous trading day's close of $23.74.

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 $90.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 5.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full America Movil S.A.B. de C.V Ratings Report now.

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