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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 Livetradingnews.com 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 Corp.by 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.

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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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