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  • Nokia Oyj's (NOK) Neutral Rating Reiterated at Bank of America Corp

Nokia Oyj's (NOK) Neutral Rating Reiterated at Bank of America Corp

Rosalie Gross | 08 June, 2017, 00:32

Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Levin Capital Strategies Lp who had been investing in Nokia Corp for a number of months, seems to be bullish on the $37.98 billion market cap company.

On Tuesday, Shares of Nokia Oyj (ADR)(NYSE:NOK), subtract -1.22% and closed at $6.46 in the last trading session. NOK belongs to Technology sector and Communication Equipment industry. Bank of America Corp reaffirmed a "neutral" rating on shares of Nokia Oyj in a research note on Friday, June 2nd.

Nokia Corporation (NYSE:NOK) 52-week high price stands at $6.65 and low price stands at $4.04, its price distance from 52-week high is -2.86% while its distance from 52-week low price is 59.9%. The stock is now trading 11.74% above its SMA 50 and 24.02% above its SMA 200. Analysts reported that the Price Target for Nokia Corporation might touch $9 high while the Average Price Target and Low price Target is $6.43 and $4.5 respectively. BMO Capital Markets downgraded the shares of NOK in report on Wednesday, November 16 to "Market Perform" rating. JPMorgan Chase & Co. set a €6.50 ($7.30) target price on shares of Nokia Oyj and gave the stock a buy rating in a research note on Friday, May 26th. During its last trading session, Stock traded with the total exchanged volume of 15.32 million shares.

The target price for Nokia Corporation (NOK) is $6.46/share according to the consensus of analysts working on the stock, with an expected EPS of $0.04/share for the current quarter.

Virender Sehwag forwards two-line resume, BCCI demands a elaborate version
We had to ask him to send his CV too along with his application. "It will the first time he will be appearing for an interview". Amongst all the prominent names that applied for the job, former Australian cricketer Shane Warne was not one of them.

The stock of Nokia Oyj (ADR) (NYSE:NOK) is a huge mover today! Alyeska Investment Group L.P. boosted its stake in Nokia Oyj by 111.6% in the fourth quarter. Kepler Capital Markets set a €5.70 ($6.40) price target on Nokia Oyj and gave the stock a buy rating in a research report on Thursday, April 27th. The technology company reported $0.03 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.01.

The analysts forecasted Growth Estimates for the Current Quarter for NOK to be 33.3%. The company reported revenue of $6.35 Billion in the same period previous year. Levin Capital Strategies L.P. now owns 51,467,474 shares of the technology company's stock valued at $247,559,000 after buying an additional 11,259,027 shares in the last quarter.

Analysts await Nokia Oyj (ADR) (NYSE:NOK) to report earnings on August, 3. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 1.26%. Finally, Wellington Management Group LLP increased its stake in Nokia Oyj by 23.6% in the first quarter. The ex-dividend date is Tuesday, May 23rd.

This stock is ahead of its 52-week low with +29.23%. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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