5 Technology Stocks Pushing Sector Growth

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Intel ( INTC), up 0.9%, and America Movil S.A.B. de C.V ( AMOV), up 0.8%. On the negative front, top decliners within the sector include Siemens ( SI), down 1.8%, Telefonica ( TEF), down 1.8%, BT Group ( BT), down 1.3%, China Telecom ( CHA), down 0.9% and NTT DoCoMo ( DCM), down 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. P.T. Telekomunikasi Indonesia Tbk ( TLK) is one of the companies pushing the Technology sector higher today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is up $0.72 (1.6%) to $44.77 on average volume Thus far, 103,372 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 228,800 shares. The stock has ranged in price between $44.03-$44.82 after having opened the day at $44.03 as compared to the previous trading day's close of $44.05.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $22.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 19.2% year to date as of the close of trading on Tuesday. 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, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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