Nokia Corp. (NOK) Shares Gap Up to $5.69
Nokia Corp. (NYSE:NOK) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.68, but opened at $5.69. Nokia Corp. shares last traded at $5.74, with a volume of 4,004,357 shares.
Several research firms recently commented on NOK. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Nokia Corp. in a report on Friday, June 10th. Argus reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Nokia Corp. in a report on Monday, August 15th. MKM Partners cut their price objective on shares of Nokia Corp. from $6.75 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, May 11th. Bank of America Corp. reaffirmed a “buy” rating on shares of Nokia Corp. in a report on Thursday, July 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $7.00 target price on shares of Nokia Corp. in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.28.
The stock has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.76. The stock has a market cap of $33.13 billion and a price-to-earnings ratio of 31.20.
Nokia Corp. (NYSE:NOK) last announced its earnings results on Thursday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the company 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, equities research analysts expect that Nokia Corp. will post $0.21 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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