Price Action Alert: It Seems Nokia Corp (ADR) Will Go Up. Have Another Big Increase

Price Action Alert: It Seems Nokia Corp (ADR) Will Go Up. Have Another Big Increase

The stock of Nokia Corp (ADR) (NYSE:NOK) is a huge mover today! About 4.13 million shares traded hands. Nokia Corp (ADR) (NYSE:NOK) has declined 31.09% since April 22, 2016 and is downtrending. It has underperformed by 36.49% the S&P500.
The move comes after 6 months positive chart setup for the $25.98 billion company. It was reported on Nov, 25 by Barchart.com. We have $4.67 PT which if reached, will make NYSE:NOK worth $1.82 billion more.

Analysts await Nokia Corp (ADR) (NYSE:NOK) to report earnings on February, 9. They expect $0.09 EPS, down 47.06% or $0.08 from last year’s $0.17 per share. NOK’s profit will be $536.28M for 12.11 P/E if the $0.09 EPS becomes a reality. After $0.05 actual EPS reported by Nokia Corp (ADR) for the previous quarter, Wall Street now forecasts 80.00% EPS growth.

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

Out of 18 analysts covering Nokia (NYSE:NOK), 10 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 56% are positive. Nokia has been the topic of 22 analyst reports since August 26, 2015 according to StockzIntelligence Inc. Morgan Stanley reinitiated Nokia Corp (ADR) (NYSE:NOK) on Tuesday, February 16 with “Equal-Weight” rating. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Buy” rating given on Monday, January 18 by Argus Research. Credit Agricole initiated Nokia Corp (ADR) (NYSE:NOK) on Tuesday, September 22 with “Buy” rating. As per Thursday, February 18, the company rating was maintained by JP Morgan. The firm earned “Underperform” rating on Friday, October 28 by CLSA. Bank of America downgraded Nokia Corp (ADR) (NYSE:NOK) on Tuesday, November 15 to “Neutral” rating. The rating was upgraded by Nordea to “Sell” on Tuesday, September 1. The firm has “Neutral” rating given on Wednesday, May 11 by M Partners. The firm has “Buy” rating given on Friday, October 16 by TheStreet. On Friday, May 6 the stock rating was upgraded by Raymond James to “Market Perform”.

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.”

More news for Nokia Corp (ADR) (NYSE:NOK) were recently published by: Investorplace.com, which released: “Why Nokia Corp (ADR) (NOK), Teva Pharmaceutical Industries Ltd (ADR) (TEVA …” on November 15, 2016. Schaeffersresearch.com‘s article titled: “Pre-Earnings Nokia Corp (ADR) (NOK) Put Volume Nears Peak Levels” and published on October 26, 2016 is yet another important article.

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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