Are Analysts Bearish Nokia Oyj (ADR) (NYSE:NOK) After Last Week?

More notable recent Nokia Oyj (ADR) (NYSE:NOK) news were published by: which released: "Nokia Oyj (ADR) (Nok) Stock Is a Case of Image vs. Reality" on June 02, 2017, also with their article: "How to Buy the Nokia Oyj (ADR) (NOK) Stock Pullback" published on April 18, 2017, published: "Can Nokia Oyj (ADR) (NOK) Earnings Justify Investor Confidence?" on April 21, 2017. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The shares price has positioned -5.73% down over the past quarter while it has directed 9.63% toward a rising position throughout past six months. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion.

Nokia Corporation (NOK) stock directed 5.34% toward a higher level throughout previous year and swapped -4.67% toward a weak spot during past one month. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company's stock worth $112,821,000 after acquiring an additional 10,817,897 shares in the last quarter.

12/13/2016 - Nokia Corporation had its "buy" rating reiterated by analysts at Goldman Sachs.

Recent session action on shares of Micron Technology, Inc.

On the other hand Nokia Corp (NYSE:NOK) has Relative Strength Index (RSI 14) of 33.84 along with Average True Range (ATR 14) of 0.1. The 8 months chart pattern indicates low risk for the $35.17 billion company. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Below is a list of Nokia Oyj (ADR) (NYSE:NOK) latest ratings and price target changes.

Hedge funds have recently bought and sold shares of the stock. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. Institute for Wealth Management LLC. acquired a new position in Nokia Corporation in the second quarter valued at about $116,000. This is assuming the current $0.06 EPS is accurate. A total number of 9 analysts provided estimations over revenues. The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Hold" rating by BMO Capital Markets on Friday, April 28. Previously Nokia Corp (NYSE:NOK) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04 with surprise factor of 80%. Credit Agricole initiated Nokia Oyj (ADR) (NYSE:NOK) rating on Tuesday, September 22. The brokerage now has a buy rating on the stock. Deutsche Bank AG set a €6.20 ($7.38) price objective on Nokia Oyj and gave the stock a buy rating in a report on Tuesday, August 1st.

Taking a broader look at the analyst consensus, according to 11 analysts Nokia Corp (NYSE:NOK)'s price will reach at $6.81 during 52 weeks. At the time of writing, the First Call consensus price target for the company is $6.81.

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