Tech

Nokia Corp. (NOK) Received Market Perform Rating from Wells Fargo & Co

Nokia Corp. (NOK) Received Market Perform Rating from Wells Fargo & Co

Nokia Corporation (NYSE:NOK) has shown weekly performance of 1.19%. The division is expected to grow faster than the primary addressable market over the long term. Along with these its last twelve month performance is stands at 9.02% while moved -1.82% for the past six months. Adverse foreign currency movements remain a major concern.

A projected EPS growth is 175.00% for this year, and 12.69% for the next year.

Gabriel Smith joined the mosttradedstocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. "Brexit could further result in higher tariff and non-tariff barriers to trade between the United Kingdom and the European Union, lowering its productivity".

NOK has been the subject of several other research reports. Credit Suisse Group lowered Nokia from an outperform rating to a neutral rating and increased their price objective for the company from $4.89 to $5.00 in a report on Friday, January 5th. On Thursday, January 18 the firm has "Neutral" rating given by Goldman Sachs. Bank of America Corp. reiterated a buy rating and issued a $6.00 price target on shares of Nokia Corp.in a research note on Thursday, September 8th. Finally, Vetr upgraded Nokia from a "hold" rating to a "buy" rating and set a $5.78 price objective for the company in a report on Friday, March 23rd. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. Bank of New York Mellon Corp now owns 194,923 shares of the technology company's stock worth $909,000 after buying an additional 12,233 shares during the last quarter.

Shares of NYSE:NOK traded down $0.01 during midday trading on Wednesday, reaching $5.85.

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Nokia Corporation (NOK) stock recent traded volume stands with 26435486 shares as compared with its average volume of 17553.1K shares. The 52-week low figure is estimated at 16.14%, and the 52-week high is evaluated at -4.78%. The Company's beta coefficient sits at 1.04. The quick ratio of 1.3 is a measure of how well a company can meet its short-term financial liabilities with quick assets (cash and cash equivalents, short-term marketable securities, and accounts receivable).

Nokia Corporation (NYSE:NOK) is awaited to publish earnings on April, 26 before the open., according to Zacks.

As took short look on profitability, the firm profit margin which was recorded -6.50%, and operating margin was noted at 0.10%. During the same period previous year, the company posted $0.12 earnings per share. Nokia's revenue for the quarter was down 8.5% on a year-over-year basis. equities research analysts predict that Nokia will post 0.31 earnings per share for the current year.

On 3/30/2017 announced a dividend of $0.1824 with an ex dividend date of 5/23/2017 which will be payable on 5/26/2017. It has dividend yield of 5.40% and Payout Ratio is 34.00%.

For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Quantitative Systematic Strategies LLC purchased a new stake in shares of Nokia in the fourth quarter valued at approximately $116,000. Crossmark Global Holdings Inc. boosted its holdings in Nokia by 1.9% during the fourth quarter. The Company's price to free cash flow for trailing twelve months is N/A. Paloma Partners Management Co boosted its holdings in Nokia by 192.8% during the fourth quarter. The market capitalization of the company is $218.76 Billion. Nokia Corporation has a Return on Assets of -3.50%. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.