The stock of Nokia Corp (ADR) (NYSE:NOK) is a huge mover today! About 2.12M shares traded hands. Nokia Corp (ADR) (NYSE:NOK) has declined 17.80% since March 11, 2016 and is downtrending. It has underperformed by 23.26% the S&P500.
The move comes after 6 months positive chart setup for the $28.20 billion company. It was reported on Oct, 14 by Barchart.com. We have $6.01 PT which if reached, will make NYSE:NOK worth $5.64 billion 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 $281.44 million for 25.05 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. As per Monday, May 16, the company rating was upgraded by Canaccord Genuity. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Buy” rating given on Friday, May 13 by Bank of America. On Friday, April 8 the stock rating was upgraded by Nordea to “Buy”. As per Tuesday, September 1, the company rating was upgraded by Nordea. On Thursday, September 3 the stock rating was maintained by Bernstein with “Outperform”. On Tuesday, February 16 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. Danske Bank upgraded Nokia Corp (ADR) (NYSE:NOK) on Wednesday, August 26 to “Hold” rating. The stock of Nokia Corp (ADR) (NYSE:NOK) earned “Market Perform” rating by Raymond James on Friday, May 6. M Partners maintained it with “Neutral” rating and $5.75 target price in Wednesday, May 11 report. The stock of Nokia Corp (ADR) (NYSE:NOK) earned “Outperform” rating by CLSA on Wednesday, May 25.
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 Livetradingnews.com which published an article titled: “Nokia Corp (ADR)(NYSE:NOK) Above Average” on October 13, 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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