Nokia Corp (NYSE:NOK) Receives a Lower Rating From Charter Equity. Is it Time to Sell Shares?

January 22, 2018 - By reb123z

 Nokia Corp (NYSE:NOK) Receives a Lower Rating From Charter Equity. Is it Time to Sell Shares?

Nokia Corp (NYSE:NOK) Receives a Downgrade

Nokia Corp (NYSE:NOK) shares have just seen their rating downgraded by research analysts at Charter Equity to a ‘”Hold”‘ in analysts note revealed to investors on 31 October.

Nokia Corporation (NYSE:NOK) Ratings Coverage

Among 24 analysts covering Nokia (NYSE:NOK), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Nokia has $12.0 highest and $4.0 lowest target. $6.41’s average target is 31.89% above currents $4.86 stock price. Nokia had 48 analyst reports since August 26, 2015 according to SRatingsIntel. M Partners maintained it with “Neutral” rating and $5.75 target in Wednesday, May 11 report. Bernstein maintained Nokia Corporation (NYSE:NOK) on Thursday, September 3 with “Outperform” rating. The firm has “Underperform” rating by CLSA given on Friday, October 28. The rating was upgraded by Nordea to “Buy” on Friday, April 8. The stock of Nokia Corporation (NYSE:NOK) has “Overweight” rating given on Tuesday, February 7 by Morgan Stanley. Canaccord Genuity maintained the shares of NOK in report on Friday, October 27 with “Hold” rating. The company was downgraded on Wednesday, January 25 by Danske Bank. As per Friday, September 22, the company rating was downgraded by BNP Paribas. The rating was upgraded by Danske Bank on Wednesday, August 26 to “Hold”. Goldman Sachs upgraded the shares of NOK in report on Thursday, June 30 to “Buy” rating.

The stock increased 0.41% or $0.02 during the last trading session, reaching $4.86. About 7.39M shares traded. Nokia Corporation (NYSE:NOK) has risen 19.54% since January 22, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Analysts await Nokia Corporation (NYSE:NOK) to report earnings on February, 1. They expect $0.11 earnings per share, down 15.38 % or $0.02 from last year’s $0.13 per share. NOK’s profit will be $595.58M for 11.05 P/E if the $0.11 EPS becomes a reality. After $0.11 actual earnings per share reported by Nokia Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company has market cap of $26.31 billion. The firm operates through three divisions: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It currently has negative earnings. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.

More notable recent Nokia Corporation (NYSE:NOK) news were published by: Investorplace.com which released: “Nokia Oyj (ADR) (NOK) Stock Is Nothing but a Coin Toss” on July 26, 2017, also Investorplace.com with their article: “Why Nokia Oyj (ADR) (NOK) Stock Should Be Owned, Not Traded” published on July 24, 2017, Investorplace.com published: “Can Nokia Oyj (ADR) (NOK) Earnings Justify Investor Confidence?” on April 21, 2017. More interesting news about Nokia Corporation (NYSE:NOK) were released by: Investorplace.com and their article: “Why Nokia Oyj (ADR) (NOK) Stock Is Mediocre At Best” published on June 15, 2017 as well as Investorplace.com‘s news article titled: “Nokia Oyj (ADR) (NOK) Stock Needs a Lot of Oomph From Its 8” with publication date: September 20, 2017.

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