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 0.6%. By the end of trading, Nokia Oyj rose 7 cents (1.9%) to $3.69 on average volume. Throughout the day, 45.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 59.5 million shares. The stock ranged in a price between $3.64-$3.76 after having opened the day at $3.70 as compared to the previous trading day's close of $3.62. Other companies within the Telecommunications industry that increased today were: Ciena Corporation ( CIEN), up 17.3%, Technical Communications ( TCCO), up 14.6%, Net Element International ( NETE), up 12.3%, and JDS Uniphase Corp (CA ( JDSU), up 7.6%.
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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 $13.22 billion and is part of the technology sector. Shares are down 8.4% year to date as of the close of trading on Wednesday. Currently there are four analysts that rate Nokia Oyj a buy, nine analysts rate it a sell, and eight 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, eOn Communications Corporation ( EONC), down 8.9%, I.D. Systems ( IDSY), down 7.7%, Sky-mobi ( MOBI), down 6.6%, and FairPoint Communications ( FRP), down 6.3%, were all laggards within the telecommunications industry with Windstream ( WIN) 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).

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