Nokia Corporation (NOK) Rating Lowered to Hold at Argus

They now have $4.91 price target on the technology company's stock, up from their previous price target of $4.76.

Levin Capital Strategies Lp decreased Nokia Corp (NOK) stake by 11.15% reported in 2017Q2 SEC filing.

July 30 investment analysts at Credit Suisse Group kept a "Neutral" rating on the company. Vetr upgraded Nokia Corporation from a buy rating to a strong-buy rating and set a $7.28 price target for the company in a research report on Friday, July 14th. Finally, Renaissance Technologies LLC boosted its stake in Nokia Corporation by 705.5% in the second quarter.

Nokia Corporation (NYSE:NOK) is trying to make active position in eyes of investors on point of ownership, as ownership status of both institutional or insider important for investing research process; unknown to this can sometimes give false signals and lead an investor astray.

In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts' mean recommendation of 2.7. The stock presently has a consensus rating of Hold and an average price target of $5.75.

Recent insider trends for Nokia Corporation (NYSE:NOK) have caught the attention of investors. Beta factor, which is used to measure risk associated with the stock, was 1.28. The P/E ratio is N/A and the market cap of the company is 28.20B.

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 -27.22% while its distance from 52-week low price is 19.8%.

Nokia Corporation (NOK) stock directed 19.42% toward a higher level throughout previous year and swapped -16.04% toward a weak spot during past one month. In the latest earnings report the EPS was $-0.09 with 5.65B shares now outstanding. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. For the current year the company's revenue estimates are $26.07 Billion compared to low analyst estimates of $23.31 Billion and high estimates of $27.02 Billion according to 13 number of analysts. Royal Bank of Canada now owns 1,852,037 shares of the technology company's stock worth $11,408,000 after acquiring an additional 670,039 shares during the last quarter.

Nokia Corp (NYSE:NOK)'s revenue estimates for the current quarter are $7.23 Billion according to 9 number of analysts, for the current quarter the company has high revenue estimates of $7.51 Billion in contradiction of low revenue estimates of $6.5 Billion.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Greenleaf Trust raised its holdings in Nokia Corporation by 2.4% during the second quarter. Its investment was worth $30,700,000 an increase of 2.9% as of quarter end. Capstone Asset Management Co. grew its stake in shares of Nokia Corporation by 203.7% in the second quarter. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company's stock valued at $24,017,000 after acquiring an additional 589,445 shares during the period. PNC Financial Services Group Inc. raised its holdings in Nokia Corporation by 1.7% during the first quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company's stock worth $142,000 after acquiring an additional 1,801 shares in the last quarter.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term.

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