3 Stocks Pulling The Telecommunications Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,093 as of Tuesday, Nov. 26, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,560 issues advancing vs. 1,331 declining with 131 unchanged.

The Telecommunications industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was America Movil S.A.B. de C.V ( AMOV), up 0.8%. A company within the industry that increased today was American Tower ( AMT), up 1.3%.

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

3. 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 $1.18 (-3.2%) to $35.56 on heavy volume. Thus far, 340,233 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 306,500 shares. The stock has ranged in price between $34.70-$35.59 after having opened the day at $35.30 as compared to the previous trading day's close of $36.74.

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 $89.8 billion and is part of the technology sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 0.1% 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 expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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