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

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 higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.7%. By the end of trading, Nokia Oyj rose $0.17 (2.1%) to $8.06 on light volume. Throughout the day, 15,338,275 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 28,682,200 shares. The stock ranged in a price between $7.97-$8.08 after having opened the day at $7.98 as compared to the previous trading day's close of $7.89. Other companies within the Telecommunications industry that increased today were: Net Element ( NETE), up 24.2%, Barracuda Networks ( CUDA), up 20.4%, Sky-mobi ( MOBI), up 8.4% and Sprint ( S), up 8.3%.

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 $29.3 billion and is part of the technology sector. Shares are up 99.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 17 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 solid stock price performance, compelling growth in net income and good cash flow from operations. 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 negative front, InfoSonics Corporation ( IFON), down 14.9%, Gogo ( GOGO), down 4.4%, Numerex ( NMRX), down 3.9% and Pendrell ( PCO), down 3.6% , were all laggards within the telecommunications industry with SK Telecom ( SKM) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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