Nokia Co. Sets New 1-Year High at $5.68 (NOK)
Shares of Nokia (NYSE:NOK) hit a new 52-week high on Tuesday, StockRatingsNetwork reports. The company traded as high as $5.68 and last traded at $5.64, with a volume of 36,042,054 shares trading hands. The stock had previously closed at $5.52.
A number of research firms have recently commented on NOK. Analysts at Morgan Stanley initiated coverage on shares of Nokia (NYSE:NOK) in a research note to investors on Thursday, September 5th. They set an “equal weight” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Nokia (NYSE:NOK) from $4.00 to $6.10 in a research note to investors on Wednesday, September 4th. Finally, analysts at RBC Capital raised their price target on shares of Nokia (NYSE:NOK) from $4.00 to $5.00 in a research note to investors on Wednesday, September 4th. They now have a “sector perform” rating on the stock.
Five investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.78.
Nokia has a 52 week low of $2.52 and a 52 week high of $5.58. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $3.75. The company’s market cap is $20.992 billion.
Nokia (NYSE:NOK) last announced its earnings results on Thursday, July 18th. The company reported $0.00 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.02. The company had revenue of $5.70 billion for the quarter. During the same quarter last year, the company posted ($0.08) earnings per share. Nokia’s revenue was down 24.5% compared to the same quarter last year. Analysts expect that Nokia will post $0.05 EPS for the current fiscal year.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.