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Nokia Corporation (NOK) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Past 5 years growth of Nokia Corp (NYSE:NOK) observed at 7.29%, looking forward for the next 5 years it has a strong prediction of 22% over growth. The stock is a Buy among 9 brokerage firms polled by Factset Research. Bank of New York Mellon Corp now owns 225,237 shares of the technology company's stock worth $1,221,000 after purchasing an additional 12,008 shares in the last quarter. The institutional investor held 21,000 shares of the consumer non-durables company at the end of 2017Q2, valued at $2.43M, up from 500 at the end of the previous reported quarter. Teachers Advisors LLC raised its stake in shares of Nokia Corporation by 53.3% during the second quarter. Morgan Stanley now owns 2,547,509 shares of the technology company's stock worth $13,807,000 after purchasing an additional 342,271 shares in the last quarter. Waddell & Reed Financial Inc. boosted its stake in shares of Nokia Corp.by 16.3% in the second quarter. JPMorgan Chase & Co. now owns 2,223,920 shares of the technology company's stock worth $13,699,000 after acquiring an additional 2,172,693 shares in the last quarter. Capstone Asset Management Co. boosted its position in Nokia Corporation by 203.7% during the second quarter. Finally, Morgan Stanley lifted its position in shares of Nokia Corporation by 15.5% during the first quarter. Jbf Capital Inc bought 20,500 shares as the company's stock rose 5.12% with the market.

ILLEGAL ACTIVITY WARNING: "Stifel Financial Corp Buys 74,056 Shares of Nokia Corporation (NOK)" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally copied and republished in violation of USA & global copyright law.

Several equities analysts have recently commented on NOK shares.

A number of research firms have recently weighed in on NOK. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, July 19.

Argus "Downgrades" Nokia Corp (NYSE:NOK) in a research note issued to investors on 10/30/17 to Hold with price target of $0. Credit Suisse Group reiterated a "neutral" rating on shares of Nokia Corporation in a report on Sunday, July 30th. Zacks Investment Research downgraded Nokia Corporation from a "buy" rating to a "hold" rating in a research report on Monday, July 17th.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. The stock of Nokia Oyj (ADR) (NYSE:NOK) has "Hold" rating given on Friday, January 13 by Canaccord Genuity. The stock exchanged hands 100.63 Million shares versus average trading capacity of 2.55 Million shares. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.21.

Nokia Corp (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 -25.26% while its distance from 52-week low price is 23.02%.

Beta is also an important valuation ratio for analyzing the stock of the company, NOK has Beta of 1.28 while its industry and Sector's beta remains at 1.46 and 1.31 respectively. Finally, Goldman Sachs Group Inc. cut shares of Nokia Corp. from a conviction-buy rating to a buy rating in a report on Thursday, October 13th. Emerald Acquisition Ltd. now owns 10,820,534 shares of the technology company's stock worth $62,650,000 after buying an additional 5,478,149 shares in the last quarter. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The business had revenue of $5.54 billion during the quarter, compared to analysts' expectations of $5.64 billion. The company's revenue was down 7.0% compared to the same quarter a year ago.

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 13.28 P/E and the sector P/E is 17.68. The Company's divisions include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.



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