Economy

Nokia Corporation (NYSE:NOK) closed with a change of -0.83%

Canaccord Genuity now has a $7.0 target price per share on the $34.84 billion market cap company or 17.85 % upside potential. However the company reported $0.05 earnings per share for the same quarter during previous year. Also, the current price highlights a discount of 32.48% to analysts' high consensus price target. Comerica Bank lifted its position in Nokia Corporation by 1.4% during the 1st quarter. It improved, as 8 investors sold Advaxis, Inc. shares while 19 reduced holdings. The brokerage now has a sell rating on the stock. AMG National Trust Bank lifted its position in Nokia Corporation by 5.1% during the 2nd quarter. The rating was upgraded by Nordea to "Buy" on Friday, April 8. The company has market cap of $35.19 billion. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since September 25, 2016 and is uptrending. After a recent check, Nokia Corp's 14-day RSI is now at 37.09, the 7-day stands at 30.21, and the 3-day is sitting at 12.53. The firm's market capitalization is $33.52 billion. The company has a 50 day moving average of $6.25 and a 200-day moving average of $6.01.

Investors wait Nokia Oyj (ADR) (NYSE:NOK) to report on October, 26 before the open. its quarterly earnings Wall Street analysts expect $0.06 EPS, up $0.01 or 20.00 % from last year's $0.05 same quarter earnings. The technology company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. Its book value per share for the most recent quarter is $3.61 while its price to book ratio for the same period is 1.66, as for as the company's cash per share for the most recent quarter is $1.68, however its price to cash per share ratio for the same period is 3.57.

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Several research analysts have recently commented on the company. Monness Crespi & Hardt downgraded the stock to "Neutral" rating in Monday, January 4 report. (NASDAQ:AMZN) earned "Buy" rating by Canaccord Genuity on Friday, October 28. Societe Generale assumed coverage on Nokia Corporation in a report on Wednesday, June 14th.

Among 45 analysts covering Amazon.com (NASDAQ:AMZN), 41 have Buy rating, 0 Sell and 4 Hold.

Nokia Corporation has a consensus outperform rating from 14 Wall Street analysts, and the number of shares now sold short amount to at least 0.25% of shares outstanding. Finally, Zacks Investment Research lowered Nokia Corporation from a "buy" rating to a "hold" rating in a report on Monday, July 17th.

In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts' mean recommendation of 2.4.

Additionally on 2/07/17 Morgan Stanley "Upgrades" Nokia Corp (NYSE:NOK) to Overweight setting price target at $0 and on 1/13/17 Natixis "Upgrades" the stock to Buy at $0.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.

Nokia Corporation (NOK) now the company's industry has 12.23 P/E and the sector P/E is 16.08. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.



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