Nokia Oyj (NOK): Today's Featured Telecommunications Winner

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.

Nokia Oyj ( NOK) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.8%. By the end of trading, Nokia Oyj rose 36 cents (12.2%) to $3.31 on heavy volume. Throughout the day, 151.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 50.8 million shares. The stock ranged in a price between $3.05-$3.40 after having opened the day at $3.07 as compared to the previous trading day's close of $2.95. Other companies within the Telecommunications industry that increased today were: eOn Communications Corporation ( EONC), up 17.9%, Zhone Technologies ( ZHNE), up 11.2%, MER Telemanagement Solutions ( MTSL), up 10.3%, and ARC Group Worldwide ( ARCW), up 10.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $10.91 billion and is part of the technology sector. The company has a P/E ratio of -7.3, below the S&P 500 P/E ratio of 17.7. Shares are down 39% year to date as of the close of trading on Tuesday. Currently there is one analyst that rates Nokia Oyj a buy, 10 analysts rate it a sell, and 12 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 deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, Phazar Corporation ( ANTP), down 19.6%, Powerwave Technologies ( PWAV), down 10.3%, WPCS International ( WPCS), down 6.5%, and RRSat Global Communications Network ( RRST), down 5.5%, were all laggards within the telecommunications industry with Telefonica Brasil S.A ( VIV) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, 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).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.