Nokia Corp. (NOK) Shares Gap Up to $5.51
Shares of Nokia Corp. (NYSE:NOK) gapped up prior to trading on Tuesday . The stock had previously closed at $5.46, but opened at $5.51. Nokia Corp. shares last traded at $5.61, with a volume of 6,753,539 shares trading hands.
Several analysts have issued reports on NOK shares. Credit Agricole SA upgraded Nokia Corp. from an “underperform” rating to an “outperform” rating and lowered their target price for the company from $6.81 to $5.36 in a research note on Wednesday, May 25th. Vetr lowered Nokia Corp. from a “buy” rating to a “sell” rating and set a $5.66 target price on the stock. in a research note on Wednesday, July 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Nokia Corp. in a research note on Tuesday, May 10th. Goldman Sachs Group Inc. upgraded Nokia Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.54 to $5.60 in a research note on Wednesday, June 29th. Finally, Canaccord Genuity restated a “hold” rating and issued a $5.50 target price (down from $6.50) on shares of Nokia Corp. in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $6.93.
The firm’s 50 day moving average price is $5.63 and its 200-day moving average price is $5.83. The company has a market capitalization of $32.47 billion and a P/E ratio of 11.92.
Nokia Corp. (NYSE:NOK) last announced its earnings results on Thursday, August 4th. The technology company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. The company earned $5.58 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 91.3% compared to the same quarter last year. On average, equities research analysts expect that Nokia Corp. will post $0.23 earnings per share for the current 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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