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 0.6%. By the end of trading, Nokia Oyj fell $0.07 (-1.7%) to $4.06 on light volume. Throughout the day, 17,130,542 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 25,251,100 shares. The stock ranged in price between $4.03-$4.09 after having opened the day at $4.04 as compared to the previous trading day's close of $4.13. Other companies within the Telecommunications industry that declined today were: Alvarion ( ALVR), down 24.1%, China TechFaith Wireless Comm Tech ( CNTF), down 13.5%, Zoom Technologies ( ZOOM), down 8.8% and xG Technology ( XGTI), down 6.2%.

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 $15.5 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, RigNet ( RNET), up 18.8%, Glowpoint ( GLOW), up 13.6%, Net Element International ( NETE), up 10.5% and Inteliquent ( IQNT), up 10.4% , were all gainers within the telecommunications industry with Mobile Telesystems OJSC ( MBT) being today's featured telecommunications industry leader.

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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