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 0.4%. By the end of trading, Nokia Oyj fell $0.17 (-2.1%) to $7.93 on light volume. Throughout the day, 24,565,783 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 48,104,600 shares. The stock ranged in price between $7.92-$8.10 after having opened the day at $8.08 as compared to the previous trading day's close of $8.10. Other companies within the Telecommunications industry that declined today were: Inteliquent ( IQNT), down 8.2%, Telecom Argentina ( TEO), down 7.0%, Pendrell ( PCO), down 6.4% and Alvarion ( ALVR), 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 $30.3 billion and is part of the technology sector. Shares are up 105.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 15 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 good cash flow from operations, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the positive front, Elephant Talk Communications ( ETAK), up 15.6%, Wireless Telecom Group ( WTT), up 13.0%, Alaska Communications Systems Group ( ALSK), up 12.4% and AudioCodes ( AUDC), up 10.2% , were all gainers within the telecommunications industry with Alcatel-Lucent ( ALU) 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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