Somewhat Positive Media Coverage Somewhat Unlikely to Affect Nokia (NOK) Stock Price

Remigio Civitarese
Декабря 7, 2017

During the same quarter last year, the business posted $0.04 EPS. sell-side analysts expect that Nokia Corporation will post 0.33 earnings per share for the current year. It also increased its holding in Huntington Bancshares Inc (NASDAQ:HBAN) by 1.04M shares in the quarter, for a total of 10.79M shares, and has risen its stake in Intel Corp (NASDAQ:INTC). Geneva Advisors LLC bought a new stake in Nokia during the 2nd quarter valued at $125,000. Cutter & CO Brokerage Inc. raised its stake in Nokia by 8.5% in the second quarter. The hedge fund run by John A. Levin held 42.37 million shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $261.01 million, down from 47.69 million at the end of the previous reported quarter. Canaccord Genuity lowered their price objective on shares of Nokia from $7.00 to $5.50 and set a "hold" rating for the company in a research report on Friday, October 27th. IFP Advisors Inc boosted its position in Nokia by 71.4% during the 2nd quarter. IFP Advisors Inc now owns 29,098 shares of the technology company's stock valued at $179,000 after purchasing an additional 12,122 shares in the last quarter. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Several research analysts have commented on the stock.

Nokia Corporation (NOK) has been given an average price target of $5.97 from analysts, according to data collected by Finviz. Natixis raised shares of Nokia Oyj from a "neutral" rating to a "buy" rating in a research note on Friday, January 13th. UBS reissued a "buy" rating on shares of Nokia in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Nokia from a "buy" rating to a "hold" rating in a report on Tuesday, August 8th. BMO Capital Markets restated a "hold" rating and issued a $5.00 price objective on shares of Nokia Oyj in a research report on Thursday, April 27th.

In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts' mean recommendation of 2.6.

Nokia Corporation (NOK) traded up $0.02 during mid-day trading on Wednesday, reaching $4.72. Overall, 10.9 Million shares exchanged hands versus its average trading volume of 13.83 Million shares. US Bancorp DE now owns 75,579 shares of the technology company's stock valued at $437,000 after buying an additional 1,155 shares in the last quarter. The Stock has its 52-week High of $6.65 and 52-Week Low of $4.50 and it touched its 52-week high on 05/23/17 and 52-Week Low on 01/31/17. The stock has a market cap of $27,663.91, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.07 and a beta of 1.27.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 26th.

The company's ATR (Average True Range) is 0.1. Nokia had a positive return on equity of 9.88% and a negative net margin of 2.09%.

Average Revenue Estimate of the company for the current Fiscal Quarter is $7.24 Billion, according to consensus of 9 analysts. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

According to analysts Nokia Corp (NYSE:NOK)'s minimum EPS for the current quarter is at $0.05 and can go high up to $0.14.

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

If there is a huge discrepancy between a company's profit margin (particularly its gross margin) and its operating margin, it suggests that the company is more efficient in creating and selling its products, but perhaps less efficient in managing training, administration, research or other day-to-day business costs.

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