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Main » The Franklin Resources Inc. Reduces stake in Nokia Corp. (NOK)

The Franklin Resources Inc. Reduces stake in Nokia Corp. (NOK)

01 November 2017

Putting shares of Nokia Corp (NOK) at the forefront, let's drill down into some key metrics. Vetr raised shares of Nokia Corporation from a "hold" rating to a "buy" rating and set a $6.37 target price for the company in a research note on Monday, September 25th. Finally, BNP Paribas lowered Nokia Corporation from a "neutral" rating to an "underperform" rating in a report on Thursday, September 21st. Bank of America Corp. reissued a "buy" rating on shares of Nokia a report on Thursday, July 14th.

Nokia Corporation (NYSE:NOK) received a Buy rating from 2 analysts. The stock has an average rating of Hold and an average price target of $5.75.

Nokia Corp (NYSE:NOK) shares traded on 1.45% above secure line and closed at $4.89.

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It is important to consider the moving averages of a downtrending security. Symantec Corporation has 2 buy ratings, 16 holds and 0 sells even after the stock tumbled -6.17% from its high of $ 34.20 to a $19.58 billion market value through last close. The firm's market capitalization is $28.03 billion.

While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of -18.36%, where Monthly Performance is -18.23%, Quarterly performance is -25%, 6 Months performance is -16.84% and yearly performance percentage is 9.15%. Previously Nokia Corp (NYSE:NOK) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05 with surprise factor of 83.3%. Nokia Corporation had a negative net margin of 2.09% and a positive return on equity of 9.88%.

Analysts believe that the company has the potential to earn average revenue of $7.22 Billion for the current quarter. During the same period in the previous year, the business posted $0.04 earnings per share.

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Taking a broader look at the analyst consensus, according to 11 analysts Nokia Corp (NYSE:NOK)'s price will reach at $6.06 during 52 weeks. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. Nokia Corporation (NOK) has made its way to a 12-month gain of 3.81%.

Several large investors have recently bought and sold shares of the stock. Institute for Wealth Management LLC. acquired a new position in shares of Nokia Corporation in the second quarter worth $116,000. Teachers Advisors LLC now owns 6,947,398 shares of the technology company's stock worth $42,796,000 after buying an additional 2,414,440 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Nokia Corporation by 0.6% during the 1st quarter. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Regentatlantic Capital LLC now owns 23,522 shares of the technology company's stock worth $134,000 after buying an additional 11,570 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Nokia Corporation by 705.5% during the 2nd quarter. The stock had a trading volume of 10,485,107 shares. Finally, First Command Bank increased its stake in shares of Nokia Corporation by 100.0% in the second quarter. FMR LLC now owns 2,995,663 shares of the technology company's stock worth $18,453,000 after buying an additional 72,180 shares in the last quarter.

A number of other institutional investors have also added to or reduced their stakes in NOK.

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Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. 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.