Price Action Alert: Nokia Corp (ADR) Just Recorded A Sigfniciant Decline

Price Action Alert: Nokia Corp (ADR) Just Recorded A Sigfniciant Decline

The stock of Nokia Corp (ADR) (NYSE:NOK) is a huge mover today! About 21.37M shares traded hands or 111.79% up from the average. Nokia Corp (ADR) (NYSE:NOK) has declined 8.95% since March 9, 2016 and is downtrending. It has underperformed by 16.37% the S&P500.
The move comes after 8 months negative chart setup for the $29.49B company. It was reported on Oct, 12 by We have $4.76 PT which if reached, will make NYSE:NOK worth $2.06B less.

Analysts await Nokia Corp (ADR) (NYSE:NOK) to report earnings on November, 3. They expect $0.05 EPS, down 44.44% or $0.04 from last year’s $0.09 per share. NOK’s profit will be $287.99M for 25.60 P/E if the $0.05 EPS becomes a reality. After $0.04 actual EPS 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 firm has “Outperform” rating by CLSA given on Wednesday, May 25. Danske Bank upgraded the shares of NOK in a report on Wednesday, August 26 to “Hold” rating. The firm earned “Buy” rating on Monday, May 16 by Canaccord Genuity. On Tuesday, February 16 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Buy” rating given on Friday, October 16 by TheStreet. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Buy” rating given on Monday, September 21 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, September 22 by Credit Agricole. The rating was upgraded by Bank of America on Friday, May 13 to “Buy”. The rating was maintained by Bernstein with “Outperform” on Thursday, September 3. On Friday, April 8 the stock rating was upgraded by Nordea to “Buy”.

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.”

Another recent and important Nokia Corp (ADR) (NYSE:NOK) news was published by which published an article titled: “Nokia Corp (ADR) (NYSE:NOK) is in a Downward Trend” on October 12, 2016.

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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