3 Stocks Pulling The Technology Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Sap ( SAP), down 1.3%, Rogers Communications ( RCI), down 1.3%, Telefonica Brasil S.A ( VIV), down 1.0%, America Movil S.A.B. de C.V ( AMX), down 1.2% and America Movil S.A.B. de C.V ( AMOV), down 1.0%. Top gainers within the sector include Rackspace Hosting ( RAX), up 5.7%, STMicroelectronics ( STM), up 3.8%, LinkedIn ( LNKD), up 3.3%, Nokia Oyj ( NOK), up 3.7% and BT Group ( BT), up 2.6%.

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

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.43 (-3.0%) to $14.16 on average volume. Thus far, 248,639 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 504,400 shares. The stock has ranged in price between $14.10-$14.31 after having opened the day at $14.25 as compared to the previous trading day's close of $14.59.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network primarily in Turkey. It provides mobile voice, broadband, and other services on postpaid and prepaid basis. Turkcell Iletisim Hizmetleri AS has a market cap of $13.0 billion and is part of the telecommunications industry. Shares are down 9.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.

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