Nokia Stock Rating Upgraded by Carnegie (NOK)
Nokia (NYSE:NOK) was upgraded by analysts at Carnegie from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports.
Shares of Nokia (NYSE:NOK) traded up 0.57% on Wednesday, hitting $7.985. The stock had a trading volume of 3,789,500 shares. Nokia has a 52-week low of $3.02 and a 52-week high of $8.20. The stock’s 50-day moving average is $7.88 and its 200-day moving average is $6.24. The company’s market cap is $29.643 billion.
Nokia (NYSE:NOK) last released its earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter last year, the company posted ($0.07) earnings per share. Nokia’s revenue was down 21.8% compared to the same quarter last year. On average, analysts predict that Nokia will post $0.07 earnings per share for the current fiscal year.
NOK has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Nokia from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $7.00 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Nokia in a research note to investors on Tuesday, December 17th. Finally, analysts at Societe Generale downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, December 11th. Six research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.68.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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