The Nokia Corporation (NOK) Shares Gap Up to $5.82

The Nokia Corporation (NOK) Shares Gap Up to $5.82

Nokia Corporation (NOK) shares Jumped 0.75% and ended the day at $5.4. With improved conditions in North America, Nokia's Networks unit is expected to witness some improvement.

The company's consensus rating on Reuter's scale remained unchanged from 2.09 to 2.09 during a month. A stock with a beta more than 1 means high volatile and less than 1 means low volatile.

Several other research firms also recently commented on NOKIA.

Additionally on 2/02/18 MKM Partners "Upgrades" Nokia Corp (NYSE:NOK) to Buy setting price target at $0 and on 1/18/18 Goldman Sachs "Downgrades" the stock to Neutral at $0. "Shares of Nokia have underperformed its industry in a year".

Levin Capital Strategies Lp, which manages about $8.28B and $5.90 billion US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 719,964 shares to 40,997 shares, valued at $3.71 million in 2017Q3, according to the filing.

Sell side analysts plays vital role in buying and selling a stock where 2 analysts rated Nokia Corporation (NYSE:NOK) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 0 analysts rated the stock as Sell. Vetr lowered shares of Nokia Oyj from a "strong-buy" rating to a "hold" rating and set a $5.54 target price on the stock.in a research note on Monday, February 5th.

Nokia Corp (NYSE:NOK) 52-week high price stands at $6.65 and low price stands at $4.51, its price distance from 52-week high is -17.14% while its distance from 52-week low price is 22.17%. According to the Analysts, the Low Earnings estimate for the current quarter is $0.93, while the High earnings estimate is $1.18.Comparatively, EPS for the same quarter a year ago was $1.

The company now has an insider ownership of 0 Percent and Institutional ownership of 6.1 Percent. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". For the current year the company's revenue estimates are $26.97 Billion compared to low analyst estimates of $24.19 Billion and high estimates of $27.75 Billion according to 10 number of analysts. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. During the same quarter previous year, the business posted $0.03 EPS.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, February 1st. On average, equities research analysts forecast that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter worth $114,000. Nationwide Fund Advisors lifted its stake in shares of Nokia Corporation by 1.7% in the 2nd quarter.

Currently Nokia Corp (NYSE:NOK)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of worldwide trademark & copyright laws. The Company's businesses include Nokia Networks and Nokia Technologies. Nokia Corporation shares last traded at $6.08, with a volume of 18,361,205 shares. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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