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Nokia Corporation (NOK) Given "Buy" Rating at JP Morgan Chase & Co

14 November 2017

Shares of Nokia Corporation (NYSE NOK) traded down $0.05 on Monday, reaching $4.91.

The counter witnessed a trading volume of 1.96 million shares versus an average volume of 1.39 million shares during last trading session. Out of the analyst recommendations 1 rate Nokia Corp (NYSE:NOK) stock a Buy, 4 rate the stock Outperform, 9 rate Hold, 1 rate Underperform and 0 recommend a Sell. The company's stock had a trading volume of 19,810,100 shares, compared to its average volume of 18,428,020.

The stock decreased 1.01% or $0.05 on November 10, reaching $4.91.

For the current quarter, 9 analysts are projecting a mean EPS of $0.1/share. The stock has a market capitalization of $28,656.08, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. J P Morgan Chase & Co reaffirmed a "buy" rating on shares of Nokia Corporation in a report on Friday, October 27th. According to their observations and findings, the stock could provide a high EPS of $0.14/share and a low EPS of $0.05/share. Nokia Corporation had a negative net margin of 2.09% and a positive return on equity of 9.88%. Its revenue totaled $6.34 billion up 2.32% from the previous quarter. During the same period past year, the business earned $0.04 earnings per share.

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Another recent and important Nokia Oyj (ADR) (NYSE:NOK) news was published by which published an article titled: "Nokia Oyj (ADR) (NYSE:NOK) Bearish Trend Continuation" on October 27, 2017.

A number of research analysts have issued reports on NOK shares. Zacks Investment Research cut Nokia Corporation from a "buy" rating to a "hold" rating in a research report on Monday, July 17th. BMO Capital Markets set a $6.00 target price on Nokia Corporation and gave the stock a hold rating in a research note on Wednesday, July 26th.

Among 16 analysts covering NetEase (NASDAQ:NTES), 10 have Buy rating, 3 Sell and 3 Hold. Also, the current price highlights a discount of 25.47% to analysts' high consensus price target.

Several institutional investors have recently modified their holdings of the company. Institute for Wealth Management LLC. acquired a new stake in shares of Nokia Corporation during the 2nd quarter worth $116,000. Last week, it was -4.52%, -23.22% over the last quarter, and -22.61% for the past half-year. Teachers Advisors LLC increased its position in shares of Nokia Corporation by 53.3% in the second quarter. BLB&B Advisors LLC now owns 43,997 shares of the technology company's stock worth $250,000 after buying an additional 1,975 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Nokia Corporation by 1.7% in the first quarter. The return on assets stands at -1.1%, Return on Equity now is -2.6% and the Return on Investment value is -2.6%. GA ADV increased its position in shares of Nokia 8.4% in the second quarter. Tocqueville Asset Management L.P. increased its position in Nokia Corporation by 17.2% during the 3rd quarter. Investors Asset Management of Georgia Inc. The firm owned 520,237 shares of the technology company's stock after selling 1,258,843 shares during the period.

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Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

COPYRIGHT VIOLATION WARNING: "Short Interest in Nokia Corporation (NYSE:NOK) Increases By 11.8%" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece on another publication, it was illegally copied and republished in violation of US and worldwide copyright laws.

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

Shares of Nokia Corp (NYSE:NOK) now have an Average Brokerage Recommendation of 2.56, number of Recs in ABR is 9 while industry rank of the company by ABR is out of 265.

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