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 lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Nokia Oyj fell $0.17 (-2.1%) to $7.93 on light volume. Throughout the day, 24,565,783 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 48,104,600 shares. The stock ranged in price between $7.92-$8.10 after having opened the day at $8.08 as compared to the previous trading day's close of $8.10. Other companies within the Telecommunications industry that declined today were:
), down 8.2%,
), down 7.0%,
), down 6.4% and
), down 6.2%.
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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 $30.3 billion and is part of the technology sector. Shares are up 105.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full Nokia Oyj Ratings Report.
On the positive front,
), up 15.6%,
), up 13.0%,
), up 12.4% and
), up 10.2% , 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.