5 Stocks Dragging In The Telecommunications Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Telecommunications industry currently sits down 0.9% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include NTT DoCoMo ( DCM), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.8%, BT Group ( BT), down 1.8%, Telefonica ( TEF), down 1.6% and Siemens ( SI), down 1.5%. Top gainers within the industry include Telecom Italia SpA ( TI), up 9.2%, Telecom Italia SpA ( TI.A), up 8.6% and America Movil S.A.B. de C.V ( AMOV), up 0.8%.

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

5. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $0.49 (-1.3%) to $37.07 on average volume. Thus far, 191,050 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 270,800 shares. The stock has ranged in price between $36.84-$37.76 after having opened the day at $37.64 as compared to the previous trading day's close of $37.56.

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 $92.9 billion and is part of the technology sector. Shares are up 1.7% year to date as of the close of trading on Thursday. 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, growth in earnings per share, increase in net income, 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 Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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