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 15.3%. By the end of trading, Nokia Oyj fell $0.15 (-2.3%) to $6.51 on light volume. Throughout the day, 25,584,261 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 42,794,300 shares. The stock ranged in price between $6.50-$6.60 after having opened the day at $6.54 as compared to the previous trading day's close of $6.66. Other companies within the Telecommunications industry that declined today were: Alteva ( ALTV), down 34.8%, Deltathree ( DDDC), down 23.1%, PT Indosat TBK ( IIT), down 12.7% and RIT Technologies ( RITT), down 9.6%.

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 $24.6 billion and is part of the technology sector. Shares are up 66.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the positive front, Motricity ( MOTR), up 1398.6%, Voltari ( VLTC), up 1398.6%, Alvarion ( ALVR), up 39.0% and Internet Gold Golden Lines ( IGLD), up 10.7% , were all gainers within the telecommunications industry with Level 3 Communications ( LVLT) 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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