Nokia Oyj (NOK): Today's Featured Telecommunications Loser
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 0.8%. By the end of trading, Nokia Oyj fell 14 cents (-4.6%) to $2.88 on average volume. Throughout the day, 41.7 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 38.9 million shares. The stock ranged in price between $2.87-$2.93 after having opened the day at $2.91 as compared to the previous trading day's close of $3.02. Other company's within the Telecommunications industry that declined today were:
(
), down 13.8%,
(
), down 12%,
China TechFaith Wireless Comm Tech
(
), down 10.6%, and
(
), down 10.1%.
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 $10.67 billion and is part of the
sector. Shares are down 40.9% year to date as of the close of trading on Monday. Currently there are two analysts that rate Nokia Oyj a buy, five analysts rate it a sell, and 17 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, weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full Nokia Oyj Ratings Report.
On the positive front,
(
), up 14.1%,
(
), up 13.8%,
(
), up 9.9%, and
(
), up 9.2%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry winner.
- 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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