Nokia Corporation (NYSE:NOK) Lowered to "Hold" at Zacks Investment Research

Court Place Advisors LLC held its position in Nokia Corporation (NYSE:NOK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. As of quarter end Alliancebernstein L.p. had sold a total of 962,640 shares trimming its holdings by 4.6%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.

The company has mean EPS estimate of 0.11 reported by 10 number of analyst for the quarter ending Current Qtr.(Sep2017).

Analysts' mean recommendation for Nokia Corporation (NOK) stands at 2.50.

Shares of Nokia Corporation (NYSE:NOK) opened at 6.26 on Friday.

As of the last earnings report the EPS was $-0.09 and is estimated to be $0.29 for the current year with 5,651,797,000 shares outstanding. The firm had revenue of $5.63 billion during 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%.

EPS in next five year years is expected to touch 23.87% while EPS growth in past 5 year was 17.80% along with sales growth of 8.20% in the last five years. During the same period past year, the company posted $0.03 earnings per share.

A number of other research analysts also recently commented on NOK. They issued a neutral rating and a $6.00 target price on the stock. Oppenheimer Holdings, Inc. restated a hold rating on shares of Nokia Corporation in a report on Thursday, April 27th. Vetr cut Nokia Corporation from a "buy" rating to a "hold" rating and set a $6.00 target price for the company.in a report on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a "hold" rating and issued a $6.00 price objective on shares of Nokia Corporation in a report on Friday, May 5th. The company's 50 day moving average price is $6.31 and its 200-day moving average price is $5.76. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and global trademark & copyright legislation. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/08/11/nokia-corporation-nysenok-lifted-to-buy-at-bidaskclub-updated-updated-updated.html. Nokia Corporation (NYSE:NOK) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The stock had a trading volume of 9,597,704 shares. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65. We have seen the price to move -1.73% lower and get settled at $6.25 on 8/10/2017. Investors look at the overall trend when buying or selling stocks for their portfolio. Wellington Management Group LLP now owns 12,203,887 shares of the technology company's stock worth $66,145,000 after buying an additional 2,331,892 shares in the last quarter. SOL Capital Management CO boosted its stake in shares of Nokia Corporation by 9.6% in the second quarter. Bank of Montreal Can now owns 427,512 shares of the technology company's stock worth $2,316,000 after buying an additional 345,712 shares in the last quarter. Usca Ria LLC boosted its stake in shares of Nokia Corporation by 15.1% in the first quarter. Brandes Investment Partners LP now owns 11,469,670 shares of the technology company's stock worth $62,166,000 after buying an additional 717,676 shares in the last quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company's stock worth $323,000 after buying an additional 900 shares during the last quarter. SOL Capital Management CO increased its stake in Nokia Corporation by 41.5% in the first quarter. PNC Financial Services Group Inc. now owns 82,075 shares of the technology company's stock valued at $445,000 after buying an additional 1,359 shares during the period. The 5 months chart pattern indicates low risk for the $37.62 billion company.

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