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Nokia Corp (NOK) — Trending Stock Buzz

22 October 2017

Wall Street analysts are predicting that Nokia Corp (NYSE:NOK) will report earnings per share of $0.06 in their quarterly report. They now have a United States dollars 5.75 price target on the stock.

Nokia Corporation had its "neutral" rating reiterated by analysts at Credit Suisse. Hedge funds and other institutional investors own 5.83% of the company's stock.

Indicating how profitable Nokia Corporation (NYSE:NOK) is relative to its assets, the ROA value is displayed at -1.70%.

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The market cap of 33.81B for Nokia Corporation in today's market indicated its current strength, making the company's shares a lucrative one.

The current ratio for Nokia Corporation (NYSE:NOK) shows a rate of 1.6 with its quick ratio of 1.4. It has outperformed by 2.84% the S&P500.The move comes after 6 months positive chart setup for the $35.52B company. Finally, SG Americas Securities LLC raised its position in shares of Nokia Corporation by 13.6% during the first quarter.

Simmons First National Corporation is a financial holding company. Tower Research Capital LLC TRC now owns 96,949 shares of the technology company's stock valued at $525,000 after purchasing an additional 96,349 shares during the period. Chartwell Investment Partners LLC now owns 2,861,278 shares of the technology company's stock worth $16,567,000 after buying an additional 543,635 shares during the period. Hedge funds and other institutional investors own 5.83% of the company's stock. Moreover, Piermont Capital Management Inc. has 0.58% invested in the company for 38,140 shares. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and global copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/21/eqis-capital-management-inc-has-986000-stake-in-nokia-corporation-nok.html.

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18361407 shares were traded on Nokia Corporation's last session.

About 4.49M shares traded. Nokia Corporation experienced its Day High at -8.70%, with its Day Low of 0.60%. NOK's latest closing price was 1.70% away from the average price of 200 days while it maintained a distance of -3.85% from the 50 Day Moving Average and -1.29% away compared to its SMA 20. The company has market cap of $35.52 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. However a year ago for the same quarter the company has reported $0.05 EPS. During last 3 month period, -0.05% of total institutional ownership has changed in the company shares. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $7.55.

Analysts await Nokia Oyj (ADR) (NYSE:NOK) to report earnings on October, 26 before the open. BidaskClub cut Nokia Corporation from a "buy" rating to a "hold" rating in a research report on Wednesday, July 5th. UBS AG restated a "buy" rating on shares of Nokia Corporation in a report on Wednesday, September 20th. Canaccord Genuity reaffirmed a "hold" rating and set a $7.00 target price on shares of Nokia Corporation in a research report on Thursday, July 27th. Out of 2 Wall Street analysts rating Simmons First National, 0 give it "Buy", 2 "Sell" rating, while 0 recommend "Hold". A rating of 4 or 5 would represent a Sell recommendation.

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Nokia Corporation is a global 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 Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.