Nokia Corp. (NOK) Shares Gap Up to $5.51
Nokia Corp. (NYSE:NOK)’s share price gapped up before the market opened 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 changing hands.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “focus list” rating on shares of Nokia Corp. in a report on Friday, June 10th. MKM Partners cut their price objective on shares of Nokia Corp. from $6.75 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, May 11th. Bank of America Corp. reiterated a “buy” rating on shares of Nokia Corp. in a report on Thursday, July 14th. BMO Capital Markets reiterated a “buy” rating and issued a $7.00 price target on shares of Nokia Corp. in a report on Wednesday, August 3rd. Finally, Vetr downgraded shares of Nokia Corp. from a “strong-buy” rating to a “buy” rating and set a $6.18 price target on the stock. in a report on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.93.
The stock has a market capitalization of $32.96 billion and a PE ratio of 31.55. The company’s 50-day moving average is $5.63 and its 200-day moving average is $5.83.
Nokia Corp. (NYSE:NOK) last released its earnings results on Thursday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. The firm earned $5.58 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 91.3% on a year-over-year basis. On average, analysts predict 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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