Editor's Note: 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
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Nokia Oyj fell 13 cents (-4.3%) to $2.90 on heavy volume. Throughout the day, 95.1 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 46.7 million shares. The stock ranged in price between $2.78-$2.96 after having opened the day at $2.93 as compared to the previous trading day's close of $3.03. Other companies within the Telecommunications industry that declined today were:
), down 11.4%,
), down 5.9%,
), down 5.7%, and
), down 5.3%.
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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 $12.06 billion and is part of the
sector. Shares are down 37.1% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Nokia Oyj a buy, seven analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Nokia Oyj as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
- You can view the full Nokia Oyj Ratings Report.
On the positive front,
), up 23.1%,
), up 10.4%,
), up 6.9%, and
), up 6%, were all gainers within the telecommunications industry with
) being today's featured telecommunications industry leader.
- 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
- Find other investment ideas from our top rated ETFs lists.
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