3 Stocks Pushing The Telecommunications Industry Lower

1. As of noon trading, Nokia Oyj (NOK) is down $0.11 (-2.9%) to $3.66 on average volume Thus far, 32.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 61.9 million shares. The stock has ranged in price between $3.64-$3.72 after having opened the day at $3.64 as compared to the previous trading day's close of $3.77.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $13.4 billion and is part of the technology sector. Shares are down 4.6% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Nokia Oyj a buy, 10 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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