3 Stocks Dragging The Technology Sector Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Google Inc Class C ( GOOG), down 4.2%, and Microsoft Corporation ( MSFT), down 1.1%. Top gainers within the sector include Micron Technology ( MU), up 4.5%, Taiwan Semiconductor Manufacturing ( TSM), up 2.8%, China Telecom ( CHA), up 2.3%, Texas Instruments ( TXN), up 1.6% and NTT DoCoMo ( DCM), up 1.2%.

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

3. America Movil S.A.B. de C.V ( AMX) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil S.A.B. de C.V is down $0.20 (-1.0%) to $19.49 on average volume. Thus far, 3.6 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $19.47-$19.73 after having opened the day at $19.69 as compared to the previous trading day's close of $19.69.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $71.7 billion and is part of the telecommunications industry. Shares are down 15.8% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full America Movil S.A.B. de C.V Ratings Report now.

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