5 Telecommunications Stocks Dragging The Industry Down

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 115 points (0.8%) at 14,816 as of Thursday, May 2, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 733 declining with 109 unchanged.

The Telecommunications industry currently sits up 0.9% versus the S&P 500, which is up 0.8%. Top gainers within the industry include America Movil S.A.B. de C.V ( AMX), up 2.1%, America Movil S.A.B. de C.V ( AMOV), up 1.9% and Qualcomm ( QCOM), up 1.3%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. BT Group ( BT) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, BT Group is down $1.01 (-2.3%) to $43.31 on light volume Thus far, 42,716 shares of BT Group exchanged hands as compared to its average daily volume of 145,300 shares. The stock has ranged in price between $43.23-$43.51 after having opened the day at $43.37 as compared to the previous trading day's close of $44.32.

BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment provides managed networked IT services to large corporate and public sector customers. BT Group has a market cap of $35.1 billion and is part of the technology sector. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 16.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full BT Group Ratings Report now.

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