Shares of Nokia Corporation (NYSE:NOK) have received a consensus recommendation of “Hold” from the twenty-four research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.44.
Several research analysts have recently weighed in on NOK shares. Zacks Investment Research cut shares of Nokia Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. BMO Capital Markets reissued a “hold” rating and set a $5.00 price target on shares of Nokia Corporation in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Nokia Corporation in a research report on Thursday, April 27th. Vetr cut shares of Nokia Corporation from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity reissued a “hold” rating and set a $6.00 price target on shares of Nokia Corporation in a research report on Friday, May 5th.
A number of institutional investors have recently made changes to their positions in NOK. Alliancebernstein L.P. increased its position in shares of Nokia Corporation by 108.2% in the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock worth $112,821,000 after buying an additional 10,817,897 shares during the period. Stelliam Investment Management LP acquired a new position in shares of Nokia Corporation during the first quarter worth about $34,268,000. Ariel Investments LLC increased its position in shares of Nokia Corporation by 21.1% in the first quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock worth $175,462,000 after buying an additional 5,650,498 shares during the period. TCW Group Inc. increased its position in shares of Nokia Corporation by 287.8% in the first quarter. TCW Group Inc. now owns 3,765,373 shares of the technology company’s stock worth $20,409,000 after buying an additional 2,794,357 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Nokia Corporation by 23.6% in the first quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock worth $66,145,000 after buying an additional 2,331,892 shares during the period. 5.87% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Brokerages Set Nokia Corporation (NYSE:NOK) Price Target at $6.44” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://stocknewstimes.com/2017/07/20/brokerages-set-nokia-corporation-nysenok-price-target-at-6-44.html.
Shares of Nokia Corporation (NYSE NOK) traded up 0.64% during trading on Monday, hitting $6.26. 9,905,527 shares of the company were exchanged. The firm’s market capitalization is $35.57 billion. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65. The firm’s 50-day moving average price is $6.34 and its 200 day moving average price is $5.58.
Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, April 27th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.33 billion. Nokia Corporation had a positive return on equity of 6.57% and a negative net margin of 2.82%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. On average, equities research analysts expect that Nokia Corporation will post $0.25 earnings per share for the current fiscal year.
About Nokia Corporation
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
Receive News & Ratings for Nokia Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
