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Pro Medicus Limited (ASX: PME) is up and Telstra Corporation Ltd (ASX: TLS) is down

The good news today is in Healthcare, with the sector up 1.5% at the time of writing, being the most significant contributor to the Australian market’s performance. The share price of Pro Medicus Limited (ASX: PME) is up 4%. The company provides a range of radiology IT software and services locally and overseas. The shares are trading on a forward price-earnings-ratio (PER) of 79x compared to the Health Care Equipment and Services industry median PER of 20.09x. Cochlear Limited (ASX: COH) is also up 1.4% today, trading of a forward PER of 46x.

The worst performing sector today is Telecommunications, which is down 0.8% due to Telstra Corporation Ltd (ASX: TLS) continuing to be sold down, falling another 1.4% at the time of writing. Vocus Group Ltd (ASX: VOC) in the same sector is up 5% on the appointment of a Chief Executive Officer and Managing Director.

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Motley Fool contributor Rosemary Steinfort owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended PRO Medicus Ltd., Telstra Limited, and Vocus Communications Limited. The Motley Fool Australia has recommended Cochlear Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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