Economy

Nokia Corporation (NOK) Rating Reiterated by Bank of America Corporation

Three analysts have issued estimates for Nokia Oyj's earnings, with estimates ranging from $5.95 billion to $6.03 billion. Its sales stood at 8.20% a year on average in the period of last five years. The company is scheduled to announce its next earnings report on Thursday, August 3rd. On average, equities analysts predict that Nokia Corporation will post $0.24 EPS for the current fiscal year. While for the next 5 years, the growth estimate is 26.35%. Shares of Nokia Corporation (NOK) weakened with poorly motion. More interesting news about Nokia Oyj (ADR) (NYSE:NOK) were released by: Investorplace.com and their article: "Nokia Oyj (ADR) (Nok) Stock Is a Case of Image vs. Reality" published on June 02, 2017 as well as Investorplace.com's news article titled: "How Nokia Oyj (ADR) (NOK) Stock Can Jump Another 50%" with publication date: May 23, 2017. Return on Equity (ROE) stands at 0% and Return on Investment (ROI) of -2.6 percent. Average estimation for the current quarter has been provided by 10 analysts. However the company reported $0.03 earnings per share for the same quarter during previous year. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.33 billion.

NOK has been the topic of several other research reports. The company was reinitiated on Tuesday, February 16 by Morgan Stanley. They issued a "buy" rating and a $7.50 price objective for the company.

While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of -2.45%, where Monthly Performance is 2.74%, Quarterly performance is 18.81%, 6 Months performance is 37.8% and yearly performance percentage is 14.54%. BMO Capital Markets reiterated a "hold" rating and set a $5.00 target price on shares of Nokia Corporation in a report on Wednesday, March 15th. Canaccord Genuity restated a "hold" rating and set a $5.00 target price on shares of Nokia Oyj in a research report on Tuesday, March 7th. TheStreet upgraded Nokia Oyj (ADR) (NYSE:NOK) on Friday, October 16 to "Buy" rating.

In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts' mean recommendation of 2.6.

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When it comes to the Analysis of a Stock, Price Target plays a vital role. The relative volume of the stock is 1.09, while its market cap is $37.68 Billion. Investors who observing the volume trend of Nokia Corporation (NOK) over recent time; they noted that 12.23 million shares changed at hands contradiction to its average trading volume of 15.99 million. Shareholders of record on Friday, May 26th were paid a $0.1824 dividend. Nokia Corporation's payout ratio is -242.84%. Institutional investors and hedge funds own 5.87% of the company's stock. Currently Nokia Corporation (NOK) has beta value of 1.26. Its down 74.48% from 2.11M shares previously. American Trust Investment Advisors LLC boosted its position in Nokia Oyj by 44.7% in the fourth quarter. (NASDAQ:WFM) has "Buy" rating given on Thursday, November 5 by Pivotal Research. Stelliam Investment Management LP acquired a new stake in Nokia Corporation during the first quarter valued at about $34,268,000. It also reduced its holding in Autozone Inc (NYSE:AZO) by 1,526 shares in the quarter, leaving it with 1,370 shares, and cut its stake in Fmc Technologies Inc (NYSE:FTI). The correct version of this news story can be read at [[permalink]]. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and global trademark and copyright laws.

For this project Nokia supplied its Internet Protocol/Multi-Protocol Label Switching (IP/MPLS) technology, which provides the high-performance, reliability, resiliency, security and efficiency needed to support extremely demanding, latency-sensitive services.

Nokia and Spark are partnering to prepare New Zealand for the future with a "step change" in the capacity, flexibility and agility of Spark's core and backhaul IP/MPLS network.



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