Published: Sun, June 18, 2017
Industry | By Dora Warner

The Nokia Corporation (NOK) Coverage Initiated at Citigroup Inc

Nokia Oyj (ADR) (NYSE:NOK) unveiled the world's most powerful internet routing platforms that will ensure modern networks are faster, safer and dramatically more adaptable. HighTower Advisors LLC now owns 163,012 shares of the technology company's stock worth $883,000 after buying an additional 7,765 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Nokia Corporation during the first quarter worth about $136,000.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOK.

Nokia Corporation (NOK) traded with the volume of 14.32 Million shares while its average 3 months volume is at 16280 shares. Menora Mivtachim Holdings LTD. boosted its stake in Nokia Corporation by 74.3% in the fourth quarter. The company reported revenue of $6.35 Billion in the same period a year ago. For our stock under consideration here, Nokia Corporation (NOK) has distance from 20 Day SMA is -0.81% while its distance from 50 day SMA is 6.76%. 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. The Flippin Bruce & Porter Inc holds 371,420 shares with $1.79M value, up from 228,931 last quarter. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time.

Nokia Corporation (NYSE NOK) opened at 6.40 on Thursday.

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The Relative Volume of the company is 0.88 and Average Volume (3 months) is 16.28 million.

Shares of Nokia Corporation (NOK) touched the day high at $6.36 while its day Low was at $6.27. Levin Capital Strategies Lp who had been investing in Nokia Corp for a number of months, seems to be bullish on the $36.81B market cap company.

Nokia Corporation (NYSE:NOK) last posted its earnings results on Thursday, April 27th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.33 billion. Nokia Oyj had a negative net margin of 8.13% and a negative return on equity of 9.64%. The firm's revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. Equities research analysts expect that Nokia Corporation will post $0.24 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, June 9th. Moreover, Signia Capital Management Llc has 2.27% invested in the company for 132,183 shares. The ex-dividend date of this dividend was Tuesday, May 23rd.

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Nokia Oyj has a payout ratio of 82.6% indicating that its dividend is now covered by earnings, but may not be in the future if the company's earnings tumble.

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Basically, a price target is an individual analyst's projection on the future price of a stock. Finally, Craig Hallum began coverage on shares of Nokia Corporation in a research note on Tuesday, February 21st.

Stock has got outperform rating from 4 of Thomson Reuters analysts whereas 10 given HOLD rating to the stock. Citigroup Inc. assumed coverage on shares of Nokia Oyj in a report on Thursday, June 8th. Societe Generale began coverage on shares of Nokia Corporation in a research note on Wednesday. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The company presently has an average rating of "Hold" and a consensus target price of $10.05. Menora Mivtachim Holdings LTD. now owns 30,500 shares of the technology company's stock valued at $147,000 after buying an additional 13,000 shares during the last quarter.

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