Nord/LB Analysts Give Nokia Oyj (NOKIA) a €6.00 Price Target

Joanna Estrada
May 21, 2017

The overall volume in the last trading session was 2.16 million shares, versus the average volume of 5.29 million shares. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. FNY Partners Fund LP increased its position in Nokia Oyj by 366.7% in the first quarter. The stock exchanged hands with 22.60 million shares contrast to its average daily volume of 17.13 million shares. The company has dropped -20.58% in past 3 months and in the last five trades has moved down -5.60%.

NOK has been the subject of a number of research analyst reports. Deutsche Bank AG set a €5.90 ($6.48) target price on Nokia Oyj and gave the company a "buy" rating in a research note on Saturday. NSB will also support planned programs of the Chinese government and engage in long-term research projects aligned with and implementing Nokia Bell Labs' Future X Network. Morgan Stanley set a €5.70 ($6.26) price target on Nokia Oyj and gave the stock a buy rating in a research report on Thursday, March 16th. Finally, Charter Equity upgraded shares of Nokia Oyj from an "underperform" rating to a "market perform" rating in a research report on Monday, February 13th. The firm now has a buy rating on the stock.

Nokia Corp (NYSE:NOK)'s revenue estimates for the current quarter are $6.06 Billion according to 10 number of analysts, for the current quarter the company has high revenue estimates of $6.25 Billion in contradiction of low revenue estimates of $5.92 Billion. The firm's market cap is $35.12 billion. The consensus mean EPS for the current quarter is at $0.04 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings.

Nokia Corp (NYSE:NOK) shares traded -2.71% down during most recent session to reach at the closing price of $6.11. During the same quarter in the previous year, the company posted $0.03 earnings per share. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.02%. The ex-dividend date of this dividend is Tuesday, May 23rd.

Nokia Corp (NYSE:NOK)'s trailing twelve month revenues are $25.65 Billion, whereas its price to sales ratio for the same period is 1.37.

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It will further Nokia's planned aims of leading in high-performance networks with communication service providers and expanding to new vertical markets in enterprise, public sector, and cloud/internet companies. The Company's businesses include Nokia Networks and Nokia Technologies.

As a result of recently's declarement, the joint venture will become Nokia's exclusive platform in China for the continued development of new technologies in areas like IP routing, optical, fixed and next-generation 5G; and with the support of Nokia, NSB will continue to look for opportunities in select overseas markets.

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