Court Place Advisors LLC Maintains Stake in Nokia Corporation (NYSE:NOK)


Analysts' mean recommendation for Nokia Corporation (NOK) stands at 2.50. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

A number of other brokerages have also issued reports on NOK. Zacks Investment Research downgraded Nokia Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday. The original version of this report can be viewed at Canaccord Genuity upgraded Nokia Oyj (ADR) (NYSE:NOK) on Monday, May 16 to "Buy" rating.

Nokia Corporation (NYSE:NOK) is now up 54.7% compared to a 12-month low of $4.04. Zacks Investment Research lowered Nokia Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday. Nokia Corporation earned a coverage optimism score of 0.18 on Accern's scale. They set a "neutral" rating and a $6.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. $6.94's average target is 9.12% above currents $6.36 stock price. The company had a trading volume of 8,988,661 shares.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. While the company's share hit the 52 week high on 05/23/17 stationing the value of $6.65. EPS long term mean growth rate estimated by 3 analysts is at 23.87%, whereas, the high and low Long term growth rate estimated at 32.7 and 18.9.

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Nokia Corporation (NYSE:NOK) last released its quarterly earnings results on Thursday, July 27th. The dividend was $0.045 per share for the quarter or $0.18 annualized. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. In contrast to the year ago quarter EPS was at 0.11. The business's quarterly revenue was up.8% compared to the same quarter previous year.

Currently, EPS of Nokia Corporation (NOK) is 0.09 while the analysts predicted the EPS of the stock to be 0.05 suggesting the company fell short of the analysts' expectations. Nokia Corporation (NYSE:NOK) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. If you are viewing this article on another site, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright law.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Nokia Corporation by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company's stock valued at $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Finally, M&T Bank Corp raised its position in Nokia Corporation by 20.4% in the second quarter. Carl Domino Inc boosted its position in Nokia Corporation by 2.2% in the first quarter. However the company reported $0.05 earnings per share for the same quarter during previous year. Finally, Opera Trading Capital bought a new stake in shares of Nokia Corporation during the second quarter valued at $2,772,000. The stock's 50-day moving average price is $6.31 and its 200-day moving average price is $5.75. Nokia Corporation (NOK) is a part of Technology sector and belongs to Communication Equipment industry. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments.

To view Vetr's full report, visit Vetr's official website.