Nokia Oyj (NOK): Today's Featured Telecommunications Winner
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.
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.3%. By the end of trading, Nokia Oyj rose $0.04 (1.0%) to $4.05 on light volume. Throughout the day, 16,079,574 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 30,756,700 shares. The stock ranged in a price between $3.99-$4.07 after having opened the day at $3.99 as compared to the previous trading day's close of $4.01. Other companies within the Telecommunications industry that increased today were:
(
), up 11.7%,
(
), up 8.8%,
(
), up 8.8% and
(
), up 5.9%.
Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $14.9 billion and is part of the technology sector. Shares are up 0.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Nokia Oyj a buy, 8 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates Nokia Oyj as a
. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.
- You can view the full Nokia Oyj Ratings Report.
On the negative front,
(
), down 15.3%,
(
), down 11.0%,
(
), down 8.7% and
(
), down 6.9% , were all laggards within the telecommunications industry with
(
) being today's telecommunications industry laggard.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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