Nokia Corporation (NOK) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Nokia Corporation (NYSE:NOK) from a hold rating to a buy rating in a research note issued to investors on Tuesday, August 1st.

NOK has been the topic of a number of other reports. Zacks Investment Research lowered shares of Nokia Corporation from a buy rating to a hold rating in a report on Monday, July 17th. Vetr lowered shares of Nokia Corporation from a buy rating to a hold rating and set a $6.00 target price on the stock. in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Nokia Corporation in a report on Thursday, April 27th. BMO Capital Markets reiterated a market perform rating on shares of Nokia Corporation in a report on Friday, June 16th. Finally, Canaccord Genuity reissued a hold rating and issued a $6.00 price objective on shares of Nokia Corporation in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $5.97.

Nokia Corporation (NYSE NOK) opened at 6.19 on Tuesday. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65. The stock’s market capitalization is $34.98 billion. The stock has a 50 day moving average price of $6.30 and a 200 day moving average price of $5.82.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. On average, equities research analysts forecast that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Nokia Corporation by 14.6% 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 period. Teachers Advisors LLC boosted its stake in shares of Nokia Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 4,646,679 shares of the technology company’s stock valued at $22,351,000 after buying an additional 152,832 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Nokia Corporation during the first quarter valued at approximately $136,000. Creative Planning boosted its stake in shares of Nokia Corporation by 3.6% in the first quarter. Creative Planning now owns 49,305 shares of the technology company’s stock valued at $267,000 after buying an additional 1,727 shares during the period. Finally, SOL Capital Management CO boosted its stake in shares of Nokia Corporation by 41.5% in the first quarter. SOL Capital Management CO now owns 99,137 shares of the technology company’s stock valued at $537,000 after buying an additional 29,076 shares during the period. Institutional investors own 5.89% of the company’s stock.

Nokia Corporation Company Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Analyst Recommendations for Nokia Corporation (NYSE:NOK)

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