Published: Sun, August 13, 2017
Industry | By Dora Warner

Nokia Corporation's (NOK) Neutral Rating Reiterated at Credit Suisse Group

Nokia Corporation's (NOK) Neutral Rating Reiterated at Credit Suisse Group

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. American Trust Investment Advisors LLC's holdings in Nokia Corporation were worth $249,000 as of its most recent SEC filing. Nationwide Fund Advisors now owns 51,500 shares of the technology company's stock valued at $279,000 after buying an additional 1,900 shares during the period.

Nokia Corporation (NOK) traded up 0.16% during midday trading on Friday, hitting $6.26. Similarly, the company's last 5 years high P/E ratio is 83.21 and low P/E is 9.93, whereas, the industry's and sector's high P/E for the past year is 11.45 and 24.91 respectively and low P/E ratio for the last 5 years is 6.94 for the industry and 10.24 for the Sector. They set a "buy" rating on the stock. FMR LLC raised its stake in shares of Nokia Corporation by 14.6% in the fourth quarter. Investors Asset Management of Georgia Inc. The company holds 5.85 billion outstanding shares and 5.78 billion shares are floating in market. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Horrell Capital Management Inc. now owns 275,000 shares of the technology company's stock valued at $1,491,000 after buying an additional 50,000 shares in the last quarter. Usca Ria LLC boosted its stake in shares of Nokia Corporation by 15.1% in the first quarter.

Nokia Corporation (NYSE:NOK) struggling side by side to strengthen its position in stock market. Carl Domino Inc boosted its position in Nokia Corporation by 2.2% in the first quarter. The company had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.64 billion.

The stock has advanced 54.70% to a low over the previous 12 months and showed declining move -6.02% to a high over the same period.

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A number of research analysts have weighed in on the stock.

Currently Nokia Corp (NYSE:NOK)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%.

07/27/2017 - Nokia Corporation had its "hold" rating reiterated by analysts at Canaccord Genuity.

Moving focus toward profitability ratios, the return on equity was booked as -2.20%, while return on assets was -1.00%. The stock had a trading volume of 9,597,704 shares. During the same period previous year, the company posted $0.03 earnings per share. Nokia Corporation's quarterly revenue was up.8% on a year-over-year basis.

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TRADEMARK VIOLATION WARNING: This report was first posted by Week Herald and is the property of of Week Herald. Additionally Nokia Corporation Sponsored Ame recently declared a dividend paid on Wednesday June 14th, 2017. BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a report on Tuesday. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and global trademark & copyright legislation. The original version of this news story can be read at https://theolympiareport.com/2017/08/09/nokia-corporation-nysenok-lowered-to-hold-at-zacks-investment-research.html. Finally, Vetr upgraded Nokia Corporation from a "buy" rating to a "strong-buy" rating and set a $7.22 price objective for the company in a research report on Wednesday.

Based on the latest brokerage notes which have been released to investors, 2 brokers have issued a rating of "strong buy", 5 brokers "buy", 8 brokers "neutral", 1 brokers "sell" and 0 brokers "strong sell".

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The value of the company's investment in Nokia Corporation Sponsored Ame increased from $2,221,000 to $2,654,000 a change of $433,000 quarter to quarter. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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