Nokia Corporation (NOK) Getting Somewhat Favorable Media Coverage, Study Finds

The market capitalization of Nokia Corporation is at $33.69 Billion. 4,229,619 shares of the stock traded hands. Teachers Advisors LLC grew its position in Nokia Corporation by 53.3% during the second quarter. Cutter & CO Brokerage Inc. lifted its holdings in Nokia Corporation by 8.5% in the second quarter. After a recent check, it is observed that the insiders for the firm now own N/A% shares. 18361407 shares were traded on Nokia Corporation's last session. Tocqueville Asset Management L.P. now owns 3,426,846 shares of the technology company's stock worth $21,109,000 after buying an additional 275,446 shares in the last quarter. Finally, First Command Bank lifted its holdings in Nokia Corporation by 100.0% in the second quarter. FMR LLC now owns 2,995,663 shares of the technology company's stock worth $18,453,000 after buying an additional 72,180 shares in the last quarter. However, the institutional investors are observed to own 6.10% of the total shares.

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Several research analysts have weighed in on the company. The company reported revenue of $7.79 Billion in the same period previous year. Finally, Bank of America Corporation lowered shares of Nokia Corporation from a "buy" rating to a "neutral" rating in a research report on Wednesday, November 30th.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Nokia Corporation (NYSE:NOK) received a Buy rating from 3 analysts.

12/13/2016 - Nokia Corporation had its "buy" rating reiterated by analysts at Goldman Sachs. Nokia Corporation now has an average rating of "Hold" and an average price target of $5.86.

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. The stock exchanged hands with 7,989,848 numbers of shares compared to its average daily volume of 10.54M shares. The stock has a 50-day moving average of $6.00 and a 200 day moving average of $6.09. According to their predictions high & low revenue estimates are 6.72 Billion and 5.66 Billion respectively.

06/14/2017 - Nokia Corporation had its "market perform" rating reiterated by analysts at BMO Capital Markets.

Nokia Corporation (NYSE:NOK) last released its quarterly earnings results on Thursday, July 27th.

Analysts believe that the company has the potential to earn average revenue of $6.35 Billion for the current quarter. The Return on Equity (ROE) value stands at -4%. The firm's revenue was up.8% on a year-over-year basis.

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.31 in total earnings per share.

Many analysts are providing their Estimated Earnings analysis for Nokia Corporation and for the current quarter 9 analysts have projected that the stock could give an Average Earnings estimate of $0.06/share.

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. Managed Asset Portfolios Llc who had been investing in Nokia Corp for a number of months, seems to be bullish on the $35.71B market cap company. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Source: gkmen