Canaccord Genuity reissued their buy rating on shares of Nokia Corp. (NYSE:NOK) in a research note released on Monday morning. Canaccord Genuity currently has a $7.00 price target on the technology company’s stock.

NOK has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a focus list rating on shares of Nokia Corp. in a research note on Friday, June 10th. Argus reiterated a buy rating and issued a $10.00 price objective on shares of Nokia Corp. in a research note on Monday, August 15th. Bank of America Corp. reiterated a buy rating on shares of Nokia Corp. in a research note on Thursday, July 14th. BMO Capital Markets reiterated a buy rating and issued a $7.00 price objective on shares of Nokia Corp. in a research note on Wednesday, August 3rd. Finally, Vetr downgraded Nokia Corp. from a strong-buy rating to a buy rating and set a $6.18 target price on the stock. in a research report on Wednesday, May 25th. Two equities 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 company. The company currently has a consensus rating of Buy and an average target price of $7.18.

Nokia Corp. (NYSE:NOK) opened at 5.74 on Monday. Nokia Corp. has a 52 week low of $5.01 and a 52 week high of $7.63. The stock has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.71. The company has a market cap of $33.13 billion, a price-to-earnings ratio of 31.54 and a beta of 1.49.

Nokia Corp. (NYSE:NOK) last posted its quarterly earnings data on Thursday, August 4th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. Nokia Corp. had a net margin of 4.13% and a return on equity of 7.60%. The firm earned $5.58 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the company posted $0.09 EPS. Nokia Corp.’s revenue for the quarter was up 91.3% on a year-over-year basis. On average, equities analysts forecast that Nokia Corp. will post $0.20 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. National Asset Management Inc. acquired a new position in shares of Nokia Corp. during the second quarter worth $113,000. Altalis Capital Management LLC increased its position in shares of Nokia Corp. by 168.8% in the second quarter. Altalis Capital Management LLC now owns 1,182,600 shares of the technology company’s stock worth $6,729,000 after buying an additional 742,600 shares in the last quarter. Usca Ria LLC increased its position in shares of Nokia Corp. by 11.2% in the second quarter. Usca Ria LLC now owns 39,644 shares of the technology company’s stock worth $226,000 after buying an additional 4,000 shares in the last quarter. First Allied Advisory Services Inc. increased its position in shares of Nokia Corp. by 91.3% in the second quarter. First Allied Advisory Services Inc. now owns 30,337 shares of the technology company’s stock worth $169,000 after buying an additional 14,477 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Nokia Corp. by 1.9% in the second quarter. Guggenheim Capital LLC now owns 206,848 shares of the technology company’s stock worth $1,177,000 after buying an additional 3,846 shares in the last quarter. 4.28% of the stock is owned by institutional investors and hedge funds.

Nokia Corp. Company Profile

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.

5 Day Chart for NYSE:NOK

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