Nokia Corp (NOK) Check on Ratings

Remigio Civitarese
Ottobre 24, 2017

Given that liquidity is king in short-term, NOK is a stock with 5.77 billion shares outstanding that normally trades 0.45% of its float.

The company's diluted EPS for trailing twelve months was -0.08. The stock price recently experienced a 5-day gain of 2.53% with 0.09 average true range (ATR). Dynamic Capital Management Ltd acquired a new position in Nokia Corp. during the third quarter valued at about $119,000. 18361407 shares were traded on Nokia Corporation's last session. Renaissance Technologies LLC now owns 3,328,880 shares of the technology company's stock worth $20,506,000 after buying an additional 2,915,600 shares in the last quarter. Finally, FMR LLC grew its position in Nokia Corporation by 2.5% during the second quarter. About 5,141 shares traded.

10/28/2016 - Nokia Corporation was downgraded to "underperform" by analysts at CLSA. The legal version of this report can be accessed at https://www.truebluetribune.com/2017/10/23/nokia-corporation-nok-position-boosted-by-trellus-management-company-llc.html.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 5.33%, and has a solid year to date (YTD) performance of 26.4% which means that the stock is constantly adding to its value from the previous fiscal year end price.

06/02/2017 - Nokia Corporation had its "neutral" rating reiterated by analysts at Bank of America Merrill Lynch. Cowen and Company restated a "hold" rating and set a $5.00 target price on shares of Nokia Corporation in a research report on Friday, July 28th. On Wednesday, August 26 the stock rating was upgraded by Danske Bank to "Hold".

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Nokia Corporation (NYSE:NOK). Raymond James upgraded Nokia Oyj (ADR) (NYSE:NOK) on Friday, May 6 to "Market Perform" rating.

A total of 18.36 Billion shares exchanged at hands and its average trading volume is standing at 10.41 Million shares. The stock was trading at a distance of -8.57% from its 52-week highs and stands 50.50% away from its 52-week lows.

Nokia Corporation (NOK) escalated 4.47% and closed its last trading session at $6.08. The stock's market capitalization is 34.36B.

Previously Nokia Corp (NYSE:NOK) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. CIBC World Markets Inc. now owns 19,989 shares of the technology company's stock valued at $116,000 after buying an additional 4,009 shares during the last quarter. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.64 billion. Net profit margin of the company was recorded at -3.2 percent, operating profit margin was -4.7 percent, while gross profit margin stands at 39.3 percent.

Annual Sales Growth in the past 5 years was 8.2 percent. This showed a surprise of 80% in the last quarter earnings.

Nokia Corp (NYSE:NOK)'s revenue estimates for the current quarter are $6.34 Billion according to 9 number of analysts, for the current quarter the company has high revenue estimates of $6.71 Billion in contradiction of low revenue estimates of $5.66 Billion.

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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