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Revenue Estimates Analysis: Nokia Corporation (NYSE:NOK)

02 November 2016

Nokia Corp. (NYSE:NOK) was downgraded by equities research analysts at BNP Paribas from an "outperform" rating to a "neutral" rating in a note issued to investors on Friday. The hold, buy and sell recommendations are compiled to get an average rating on a 1-5 scale.

A number of other research firms have also recently commented on NOKIA. Vetr cut Nokia Corp. from a "buy" rating to a "hold" rating and set a $5.92 target price for the company.in a research note on Wednesday, July 13th.

Based on Nokia Corporation's 2011 Stock Option Plan a total of 38 750 Nokia shares were subscribed for between September 27 and October 24, 2016. Finally, Wells Fargo & Co. reaffirmed a "market perform" rating and set a $5.65 target price on shares of Nokia Corp.in a research note on Thursday, October 13th.

09/07/2016 - Nokia Corporation had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. The company has a consensus rating of "Buy" and an average price target of €6.01 ($6.60). In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

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Trades for Nokia Corp. The company's Market capitalization is $25.13 Billion with the total Outstanding Shares of 5.77 billion. During the same period a year ago, the company earned $0.08 earnings per share. CLSA downgraded Nokia Corp (ADR) (NYSE:NOK) on Friday, October 28 to "Underperform" rating. The company now has a Return on Equity (ROE) of +5.20% and a Return on Investment (ROI) of +10.60%. The stock has reduced about -11.6% since it reported its last earnings.

The offer period in Nokia Corporation (ADR) (NYSE:NOK)'s public buy-out offer for Alcatel-Lucent remaining shares (the "Shares"), bonds convertible into new or exchangeable for existing Shares due on January 30, 2019 (the "2019 OCEANEs"), and bonds convertible into new or exchangeable for existing Shares due on January 30, 2020 (the "2020 OCEANEs", and together with the 2019 OCEANEs, the "OCEANEs") (the "Public Buy-Out Offer") has now closed. The firm's revenue for the quarter was up 97.6% on a year-over-year basis.

Hedge funds have recently modified their holdings of the stock. NOK's profit will be $280.48M for 22.80 P/E if the $0.05 EPS becomes a reality. The latest exchange of 14.42 Million shares is above its average trading activity of 12.02 Million shares. Advisor Group Inc. bought a new stake in shares of Nokia Corp. during the second quarter worth $127,000. Currently, the Return on Assets value for the trailing twelve months is 2.3% with the Return on Equity and Return on Investment of 5.2% and 10.6% respectively. The Company's businesses include Nokia Networks and Nokia Technologies.

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.