TLK, ERIC And AMX, Pushing Telecommunications Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Telecommunications industry currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Level 3 Communications ( LVLT), down 5.7%, Telecom Italia SpA ( TI.A), down 3.7%, Telecom Italia SpA ( TI), down 3.5%, VimpelCom ( VIP), down 2.2% and BT Group ( BT), down 2.1%. A company within the industry that increased today was tw telecom inc ( TWTC), up 6.6%.

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 $0.31 (-0.8%) to $40.76 on light volume. Thus far, 63,622 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 234,100 shares. The stock has ranged in price between $40.55-$40.83 after having opened the day at $40.77 as compared to the previous trading day's close of $41.07.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in worldwide. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $105.3 billion and is part of the technology sector. Shares are up 14.6% year-to-date as of the close of trading on Friday. 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 largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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