Today’s Market Runner: Does Nokia Corp (ADR) Have Any Gas After Today’s Big Increase?

Today's Market Runner: Does Nokia Corp (ADR) Have Any Gas After Today's Big Increase?

The stock of Nokia Corp (ADR) (NYSE:NOK) is a huge mover today! About 3.96M shares traded hands. Nokia Corp (ADR) (NYSE:NOK) has declined 6.35% since March 1, 2016 and is downtrending. It has underperformed by 15.59% the S&P500.
The move comes after 9 months positive chart setup for the $33.56B company. It was reported on Oct, 4 by We have $8.93 PT which if reached, will make NYSE:NOK worth $18.46B more.

Analysts await Nokia Corp (ADR) (NYSE:NOK) to report earnings on November, 3. They expect $0.05 earnings per share, down 44.44% or $0.04 from last year’s $0.09 per share. NOK’s profit will be $291.32M for 28.80 P/E if the $0.05 EPS becomes a reality. After $0.04 actual earnings per share reported by Nokia Corp (ADR) for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Nokia Corp (ADR) (NYSE:NOK) Ratings Coverage

Out of 16 analysts covering Nokia (NYSE:NOK), 12 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 75% are positive. Nokia has been the topic of 18 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Nokia Corp (ADR) (NYSE:NOK) earned “Buy” rating by Bank of America on Friday, May 13. The rating was upgraded by CLSA on Wednesday, May 25 to “Outperform”. Canaccord Genuity upgraded the stock to “Buy” rating in Monday, May 16 report. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Buy” rating given on Friday, January 15 by Argus Research. The company was upgraded on Monday, September 21 by Deutsche Bank. The company was maintained on Thursday, February 18 by JP Morgan. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, December 1. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Hold” rating given on Wednesday, August 26 by Danske Bank. The stock has “Buy” rating given by TheStreet on Friday, October 16. M Partners maintained the shares of NOK in a report on Wednesday, May 11 with “Neutral” rating.

According to Zacks Investment Research, “Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.”

NOK Company Profile

Nokia Corporation, incorporated on December 19, 1896, is a global well-known provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s divisions include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies. Mobile Broadband provides mobile operators with network solutions for mobile voice and data services through its Radio and Core business lines. Global Services provides mobile operators with services to create and maintain networks. Nokia Networks Other includes net sales and related cost of sales and operating expenses of non-core businesses. Nokia Technologies focuses on technology development and licensing, and includes net sales from both intellectual property right activities and technology licensing. The Radio business consists of second generation (2G) to fifth generation (5G) technology generations. The Core business has a mobile switching portfolio, as well as voice and packet core solutions.

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