Nokia Co. Receives Consensus Recommendation of “Hold” from Analysts (NYSE:NOK)
Shares of Nokia Co. (NYSE:NOK) have received a consensus recommendation of “Hold” from the thirty-eight ratings firms that are presently covering the company, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.46.
Nokia Co. (NYSE:NOK) traded up 0.39% during mid-day trading on Monday, hitting $7.6601. The stock had a trading volume of 1,289,505 shares. Nokia Co. has a 52-week low of $3.87 and a 52-week high of $8.35. The stock’s 50-day moving average is $7.77 and its 200-day moving average is $7.55. The company’s market cap is $28.448 billion.
Nokia Co. (NYSE:NOK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $2.66 billion for the quarter. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 54.5% on a year-over-year basis. On average, analysts predict that Nokia Co. will post $0.29 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Nokia Co. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 23rd. Separately, analysts at RBC Capital raised their price target on shares of Nokia Co. from $9.00 to $11.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Nokia Co. from $10.25 to $11.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock.
Nokia Corporation invests in technological devices. The Company is focused on three businesses: network infrastructure software, hardware and services, which it offers through Networks; location intelligence, which the Company provides through HERE, and advanced technology development and licensing, which the Company pursues through Technologies.
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