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 down 0.5%. By the end of trading, Nokia Oyj rose $0.07 (1.0%) to $6.93 on average volume. Throughout the day, 27,492,914 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 25,052,200 shares. The stock ranged in a price between $6.81-$7.05 after having opened the day at $6.97 as compared to the previous trading day's close of $6.86. Other companies within the Telecommunications industry that increased today were: Alvarion ( ALVR), up 100.0%, InfoSonics Corporation ( IFON), up 41.8%, Zoom Technologies ( ZOOM), up 8.1% and Clearfield ( CLFD), up 7.6%.

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 $26.3 billion and is part of the technology sector. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Nokia Oyj a buy, 1 analyst rates 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 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, Gogo ( GOGO), down 9.6%, Envivio ( ENVI), down 8.5%, WPCS International ( WPCS), down 8.4% and Novatel Wireless ( NVTL), down 7.8% , were all laggards within the telecommunications industry with BlackBerry ( BBRY) 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).

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