Nokia Corporation (NYSE:NOK) Receives An Update From Brokers

Cowen and Company's price objective would suggest a potential downside of 21.88% from the stock's current price.

NOK has been the subject of a number of other reports. The stock has "Hold" rating by Citigroup on Thursday, June 8. (The) set a €6.00 ($6.98) price objective on shares of Nokia Oyj and gave the company a "buy" rating in a research report on Wednesday, April 19th. Deutsche Bank AG set a €5.90 ($6.86) price objective on Nokia Oyj and gave the company a "buy" rating in a research note on Thursday, May 4th. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/01/nokia-corporation-nok-stock-rating-upgraded-by-bidaskclub.html. S&P Global set a €6.00 ($6.98) price objective on shares of Nokia Oyj and gave the company a "buy" rating in a research report on Thursday, April 27th. Vetr downgraded Nokia Corporation from a strong-buy rating to a buy rating and set a $7.13 target price for the company.in a research report on Thursday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Nokia Oyj now has an average rating of "Buy" and an average price target of €5.98 ($6.95).

About 13.35M shares traded or 7.75% up from the average. The stock had a trading volume of 17,284,844 shares. That puts the market capitalization at $13.98 bln. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The stock stands almost $0.34 off versus the 52-week high of $6.65 and $2.27 above the 52-week low of $4.04. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 6.57% and a negative net margin of 2.82%. For the current year the company's revenue estimates are $26.21 Billion compared to low analyst estimates of $23.24 Billion and high estimates of $28.45 Billion according to 15 number of analysts. During the same period a year ago, the company posted $0.03 earnings per share. Nokia Corporation also posted earnings per share of $0.04 during the same quarter a year ago. On average, equities analysts expect that Nokia Corporation will post $0.26 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: "Nokia Corporation (NOK) Downgraded to Hold at Zacks Investment Research" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & global trademark & copyright law. The firm has "Hold" rating given on Friday, July 28 by Cowen & Co.

Several hedge funds have recently made changes to their positions in the stock. Similar statistics are true for the second largest owner, Levin Capital Strategies, L.P., which owns 47,572,957 shares of the stock are valued at $304.47 million. Carl Domino Inc now owns 46,400 shares of the technology company's stock valued at $251,000 after buying an additional 1,000 shares during the last quarter.

12/13/2016 - Nokia Corporation had its " rating reiterated by analysts at Goldman Sachs. PNC Financial Services Group Inc. now owns 82,075 shares of the technology company's stock valued at $445,000 after buying an additional 1,359 shares during the last quarter. Two Sigma Securities LLC bought a new position in Nokia Corporation during the first quarter worth $150,000.

Vanessa Coleman

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