Impact of Brokerage Rating on Nokia Corporation(NOK)

(The) restated a "buy" rating and issued a $5.80 price objective on shares of Nokia Corporation in a research report on Thursday, December 15th.

Nokia Corporation (NYSE:NOK) was upgraded by stock analysts at Charter Equity from an "underperform" rating to a "market perform" rating in a report released on Monday.

Wall Street renowned brokerages following Nokia Corporation (ADR) (NYSE:NOK) have now given a mean price target of $5.421 on its stock. Nokia Corporation (ADR) was Downgraded by Oppenheimer to Perform on Jan 3, 2017. Finally, Wells Fargo & Company reiterated a "hold" rating and set a $4.75 price target on shares of Nokia Corporation in a research report on Thursday, November 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The company now has an average rating of "Hold" and an average target price of $9.68.

Eyeing Earnings Nokia Corporation (ADR) (NYSE:NOK) is likely to post quarterly numbers around 2017-05-09 for the quarter ending 2017-03-31. Franklin Resources Inc owns $338.7 million in Nokia Corporation, which represents roughly 1.17% of the company's market cap and approximately 21.02% of the institutional ownership. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $6.31.

Moving toward the volatility measures, the price volatility of stock was 2.64% for a week and 3.06% for a month as well as price volatility's Average True Range for 14 days was 1.00. A Zacks consensus now shows Street analysts projecting the company to post per share earnings of $0.04. The Return on Investment (ROI) is at -2.6% while it's Return on Equity (ROE) value stands at 0%. The company had revenue of $6715.00 million for the quarter, compared to analysts expectations of $6764.97 million. The firm's quarterly revenue was down 13.0% compared to the same quarter previous year. Whereas for the next year revenues are set at $25.42B by 11 analysts. Equities analysts predict that Nokia Corporation will post $0.24 EPS for the current fiscal year. The 52-week high of Nokia Corporation (NYSE:NOK) is $6.31 and the 52-week low is $4.04. If you are reading this piece on another site, it was stolen and republished in violation of United States & worldwide copyright legislation.

Several other research analysts also recently weighed in on NOK. Mackenzie Financial Corp now owns 169,586 shares of the technology company's stock worth $982,000 after buying an additional 34,394 shares during the period.

The stock exchanged hands 15.40M shares versus average trading capacity of 12.74M shares, while its shares' total market worth is $28.75B along with 5.77B outstanding shares. Private Advisor Group LLC boosted its position in shares of Nokia Corporation by 18.8% in the fourth quarter. FMR LLC now owns 2,099,893 shares of the technology company's stock valued at $10,100,000 after buying an additional 266,800 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Nokia Corporation by 5.6% in the third quarter.

Nokia Networks offers network infrastructure software hardware and services and is divided into Mobile Broadband and Global Services. Nokia (NOK) declared that it has created Nokia worldwide IoT network grid, a "one-stop-shop", full service model offering seamless IoT connectivity across technologies and geographical borders to address the transport, health, utilities and safety markets.

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