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

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.

Nokia Oyj ( NOK) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 9.0%. By the end of trading, Nokia Oyj fell $0.08 (-1.9%) to $4.06 on light volume. Throughout the day, 18,005,799 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 29,133,300 shares. The stock ranged in price between $4.05-$4.19 after having opened the day at $4.13 as compared to the previous trading day's close of $4.14. Other companies within the Telecommunications industry that declined today were: Parametric Sound ( PAMT), down 20.9%, Linktone ( LTON), down 6.7%, Schawk ( SGK), down 5.8% and Wireless Telecom Group ( WTT), down 5.7%.

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 $14.9 billion and is part of the technology sector. Shares are up 4.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Nokia Oyj a buy, 8 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow.

On the positive front, Voltari ( VLTC), up 1719.7%, Vocera Communications ( VCRA), up 17.6%, MER Telemanagement Solutions ( MTSL), up 16.4% and Pointer Telocation ( PNTR), up 13.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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