Wednesday, 18 October, 2017

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.

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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