TLK, AMX And VZ, 3 Telecommunications Stocks Pushing The Industry Lower

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 18,013 as of Thursday, April 28, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,531 issues advancing vs. 1,350 declining with 190 unchanged.

The Telecommunications industry currently sits up 0.3% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was America Movil SAB de CV ( AMOV), up 9.1%.

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

3. PT Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, PT Telekomunikasi Indonesia (Persero) Tbk is down $2.75 (-4.8%) to $54.13 on heavy volume. Thus far, 134,509 shares of PT Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 175,300 shares. The stock has ranged in price between $54.06-$56.03 after having opened the day at $56.03 as compared to the previous trading day's close of $56.88.

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PT Telekomunikasi Indonesia Tbk engages in telecommunications, information, and media and edutainment businesses worldwide. PT Telekomunikasi Indonesia (Persero) Tbk has a market cap of $27.2 billion and is part of the technology sector. Shares are up 28.1% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate PT Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates PT Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full PT Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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2. As of noon trading, America Movil SAB de CV ( AMX) is down $1.41 (-9.0%) to $14.28 on heavy volume. Thus far, 9.2 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $14.22-$14.55 after having opened the day at $14.29 as compared to the previous trading day's close of $15.69.

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America Movil S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers mobile and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. America Movil SAB de CV has a market cap of $51.8 billion and is part of the technology sector. Shares are up 11.6% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate America Movil SAB de CV a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income 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 SAB de CV Ratings Report now.

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1. As of noon trading, Verizon Communications ( VZ) is down $0.50 (-1.0%) to $51.19 on light volume. Thus far, 5.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 15.8 million shares. The stock has ranged in price between $51.00-$51.56 after having opened the day at $51.30 as compared to the previous trading day's close of $51.69.

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Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $205.5 billion and is part of the technology sector. Shares are up 11.8% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Verizon Communications a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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