Nokia Corp. (NOK) Sees Strong Trading Volume
Shares of Nokia Corp. (NYSE:NOK) saw unusually-high trading volume on Wednesday . Approximately 19,545,492 shares were traded during trading, an increase of 63% from the previous session’s volume of 12,007,305 shares.The stock last traded at $5.73 and had previously closed at $5.61.
A number of analysts have commented on NOK shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia Corp. in a report on Tuesday, April 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $10.35 target price on shares of Nokia Corp. in a report on Friday, April 15th. Bank of America Corp. reaffirmed a “neutral” rating on shares of Nokia Corp. in a report on Tuesday, April 26th. Vetr cut shares of Nokia Corp. from a “strong-buy” rating to a “buy” rating and set a $6.87 target price for the company. in a report on Thursday, April 14th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Nokia Corp. in a report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.93.
The stock has a 50 day moving average of $5.63 and a 200-day moving average of $5.88. The stock has a market capitalization of $32.50 billion and a PE ratio of 12.08.
Nokia Corp. (NYSE:NOK) last posted its earnings results on Tuesday, May 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. During the same period in the prior year, the company posted $0.05 EPS. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Nokia Corp.’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities research analysts expect that Nokia Corp. will post $0.24 earnings per share for the current fiscal year.
Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.
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