Nokia Corporation (NYSE:NOK) Receiving Somewhat Positive Press Coverage, Report Finds

Remigio Civitarese
Agosto 13, 2017

Nokia Corporation (NYSE:NOK) has been given an average recommendation of "Hold" by the twenty-five analysts that are covering the company, Marketbeat Ratings reports. As of quarter end Alliancebernstein L.p. had sold a total of 962,640 shares trimming its holdings by 4.6%. In early Jan 2016, Nokia Networks gained control of Alcatel-Lucent.

EPS growth in next year is estimated to reach 25.35% while EPS growth estimate for this year is set at -143.30%. However, the below-par performance of its Networks division continues to hurt Nokia.

A number of other research analysts also recently commented on NOK. This company shares are 8.32% off its target price of $6.77 and the current market capitalization stands at $36.57B. Oppenheimer Holdings, Inc. restated a hold rating on shares of Nokia Corporation in a report on Thursday, April 27th. At the time of writing, the First Call consensus price target for the company is $6.77. Canaccord Genuity restated a hold rating and set a $6.00 price objective on shares of Nokia Corporation in a report on Friday, May 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company's stock.

Shares of Nokia Corporation (NYSE:NOK) opened at 6.25 on Friday. Considering that the stock daily volume of 11.46 million shares, this represents a pretty noteworthy trading in volume size. The co's performance for 6 months was surged of 30.33%and year to date showing moved up performance of 32.22%. The company holds 5.85 billion outstanding shares and 5.78 billion shares are floating in market.

Shares are trading at $6.26 which is a tad under the 50 day moving average of $6.31 and just above the 200 day moving average of $5.74.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The consensus mean EPS for the current quarter is at $0.06 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings.

Moving focus toward profitability ratios, the return on equity was booked as -2.20%, while return on assets was -1.00%. The firm's revenue was up.8% on a year-over-year basis. During the same period a year ago, the business earned $0.03 earnings per share.

ILLEGAL ACTIVITY NOTICE: "Nokia Corporation (NYSE:NOK) Lowered to "Hold" at Zacks Investment Research" was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another website, it was stolen and reposted in violation of United States & global trademark and copyright law. The original version of this piece can be accessed at

Several hedge funds and other institutional investors have recently bought and sold shares of NOK. Teachers Advisors LLC now owns 4,646,679 shares of the technology company's stock valued at $22,351,000 after buying an additional 152,832 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Nokia Corporation by 3.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Nokia Corporation by 1.8% in the fourth quarter. Carl Domino Inc boosted its position in Nokia Corporation by 2.2% in the first quarter. SOL Capital Management CO now owns 99,137 shares of the technology company's stock worth $537,000 after buying an additional 29,076 shares in the last quarter. Creative Planning now owns 49,305 shares of the technology company's stock valued at $267,000 after buying an additional 1,727 shares during the period.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.

Nokia Bell Labs is to lead a consortium of industry vendors, operators, IT companies, small and medium-sized enterprises and European academic institutions to build over the next 24 months the Next Generation Platform-as-a-Service (NGPaaS) for the 5G era.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE