Nokia Rating Reiterated by Deutsche Bank (NOK)
A number of other analysts have also recently weighed in on NOK. Analysts at TheStreet reiterated a “sell” rating on shares of Nokia in a research note to investors on Wednesday, February 27th. Separately, analysts at Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 27th. They now have a $6.00 price target on the stock. Finally, analysts at Nordea Equity Research upgraded shares of Nokia from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, February 15th.
Nokia traded down 2.65% on Monday, hitting $3.495. Nokia has a 1-year low of $1.63 and a 1-year high of $5.57. The stock’s 50-day moving average is currently $4.09. The company’s market cap is $12.970 billion.
Nokia last released its earnings data on Thursday, January 24th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $10.55 billion. During the same quarter last year, the company posted $0.06 earnings per share. Nokia’s revenue was down 19.6% compared to the same quarter last year. On average, analysts predict that Nokia will post $0.07 earnings per share for the current fiscal year.
Nokia Corporation (Nokia) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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