Analysts Rating Review: Nokia Corp (NOK)

Doris Richards
December 7, 2017

More notable recent Nokia Corporation (NYSE:NOK) news were published by: Investorplace.com which released: "How Nokia Oyj (ADR) (NOK) Stock Can Jump Another 50%" on May 23, 2017, also Investorplace.com with their article: "Can Nokia Oyj (ADR) (NOK) Earnings Justify Investor Confidence?" published on April 21, 2017, Investorplace.com published: "Nokia Oyj (ADR) Stock Has an Ace Hidden in Plain Sight" on April 26, 2017. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". First Trust Advisors LP's holdings in Nokia were worth $3,162,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NOK. Finally, Fisher Asset Management LLC boosted its position in Nokia by 175.5% during the 2nd quarter. Geneva Advisors LLC bought a new stake in Nokia during the 2nd quarter valued at $125,000. Cutter & CO Brokerage Inc. raised its stake in Nokia by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company's stock valued at $142,000 after acquiring an additional 1,801 shares in the last quarter.

Still, the firm expects Nokia will have lost some market share in 2017, estimating its share at 25.0% of equipment sales, down from the 26.1% reached together in 2016 by Nokia and Alcatel-Lucent, which Nokia acquired in November 2016. IFP Advisors Inc boosted its position in Nokia by 71.4% during the 2nd quarter. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Several research analysts have commented on the stock. Nokia Corporation grasps an EPS value of -0.09 * displaying an EPS growth of -143.30% * for this year. Finally, J P Morgan Chase & Co restated a "buy" rating on shares of Nokia in a research note on Friday, October 27th. BNP Paribas downgraded Nokia Corporation (NYSE:NOK) on Friday, September 22 to "Underperform" rating.

Nokia Oyj (NYSE:NOK) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, May 1st. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). The NOK switched 4.89% away from its 52 week minimum and distanced -29.02% from its 52 week peak.


Nokia Corporation (NOK) traded up $0.02 during midday trading on Wednesday, hitting $4.72.

Delineated as the total market value of all outstanding shares of the company, the current market cap for Nokia Corporation is valued at 27.54B. US Bancorp DE now owns 75,579 shares of the technology company's stock valued at $437,000 after buying an additional 1,155 shares in the last quarter.

Nokia Corp (NYSE:NOK) has average revenue estimates of $7.27 Billion, compared to low analyst estimates of $6.5 Billion and high estimates of $7.53 Billion for the current quarter. The stock's market capitalization is $36.88 billion. Earnings per share serves as an indicator of a company's profitability. The consensus mean EPS for the current quarter is at $0.1 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. The Return on Investment and Return on Equity (ROE) values are -2.6 percent and -2.6 percent, respectively. The company's revenue for the quarter was down 7.0% compared to the same quarter a year ago. The low EPS estimate is $0.05, while the high EPS estimate is $0.14. The business's revenue was down 7.0% compared to the same quarter last year. equities research analysts forecast that Nokia Corporation will post 0.33 earnings per share for the current fiscal year.

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