3 Stocks Dragging In The Technology Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.4%, Telefonica ( TEF), down 2.1%, ABB ( ABB), down 1.9%, America Movil S.A.B. de C.V ( AMX), down 1.9% and Telefonica Brasil S.A ( VIV), down 1.4%. Top gainers within the sector include TELUS ( TU), up 2.8%, Apple ( AAPL), up 2.3%, China Telecom ( CHA), up 1.7%, Taiwan Semiconductor Manufacturing ( TSM), up 1.6% and Sap ( SAP), up 1.6%.

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

3. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $0.82 (-1.9%) to $42.39 on light volume. Thus far, 73,354 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 244,900 shares. The stock has ranged in price between $42.30-$43.18 after having opened the day at $42.95 as compared to the previous trading day's close of $43.21.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $21.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Monday. Currently there are no analysts that rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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