Wednesday, 18 October, 2017

Nokia Oyj (ADR) (NYSE:NOK) Surged 1.08% in Pre-Market

Earnest Maxwell | 08 June, 2017, 01:52

Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock.

On the other hand the company has Relative Strength Index (RSI 14) of 64.97 along with Average True Range (ATR 14) of 0.13, Consequently Nokia Corporation (NYSE:NOK)'s weekly and monthly volatility is 1.61%, 1.40% respectively. The company now has an average rating of Hold and an average price target of $10.36. BMO Capital Markets restated a "market perform" rating and issued a $6.00 target price on shares of Nokia Oyj in a research note on Wednesday, May 24th.

While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of 1.89%, where Monthly Performance is 4.53%, Quarterly performance is 23.52%, 6 Months performance is 52.72% and yearly performance percentage is 14.13%. Franklin Resources Inc. now owns 74,974,457 shares of the technology company's stock valued at $360,627,000 after buying an additional 5,568,588 shares in the last quarter. On Friday, October 28 the stock rating was downgraded by BNP Paribas to "Neutral". Finally, Zacks Investment Research upgraded shares of Nokia Oyj from a "sell" rating to a "hold" rating in a research note on Monday, May 1st. About 5.70M shares traded.

Additionally on 2/07/17 Morgan Stanley "Upgrades" Nokia Corporation (NYSE:NOK) to Overweight setting price target at $0 and on 1/13/17 Natixis "Upgrades" the stock to Buy at $0.

Marathon Oil Corporation (NYSE:MRO), jumped 0.78% and closed at $12.88 in the last trading session. MRO belongs to Basic Materials sector and Independent Oil & Gas industry. Nokia Oyj has a 52 week low of $4.04 and a 52 week high of $6.65. Latest closing price was 5.74% above its 50-day moving average and 3.40% above its 200-day moving average. BMO Capital Markets maintained Nokia Oyj (ADR) (NYSE:NOK) rating on Thursday, May 25. Levin Capital Strategies L.P. increased its stake in Nokia Oyj by 28.0% in the fourth quarter.

The analysts forecasted Growth Estimates for the Current Quarter for NOK to be 33.3%.

Analysts await Nokia Oyj (ADR) (NYSE:NOK) to report earnings on August, 3. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Nokia Oyj during the first quarter worth $136,000. During the same period in the previous year, the business posted $0.03 earnings per share. The company reported revenue of $6.35 Billion in the same period a year ago. Shareholders of record on Friday, May 26th will be issued a $0.1824 dividend. The ex-dividend date is Tuesday, May 23rd. American Trust Investment Advisors LLC boosted its stake in Nokia Oyj by 44.7% in the fourth quarter.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.


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