A number of research firms have changed their ratings and price targets for Nokia Corporation (NYSE: NOK):

  • 8/9/2017 – Nokia Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $7.22 price target on the stock.
  • 8/8/2017 – Nokia Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Nokia have outperformed the industry it belongs to, in the last one year. In fact, the recent licensing and business partnership with Apple has removed a major overhang on Nokia’s shares. Following the deal, Nokia got an up-front payment in cash from Apple. The development aided Nokia's second-quarter results, where it reported better-than-expected earnings per share and revenues. In addition, the company’s growth-by-acquisition strategy is encouraging. In early Jan 2016, Nokia Networks gained control of Alcatel-Lucent. Notably, the company now expects to realize annual operating cost synergies €1.2 billion in full-year 2018 from the deal. However, the below-par performance of its Networks division continues to hurt Nokia. In fact, revenues declined year over year in the second quarter. Also, its top line is vulnerable to adverse foreign currency movements since the company operates globally.”
  • 8/1/2017 – Nokia Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/30/2017 – Nokia Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.
  • 7/28/2017 – Nokia Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $5.00 price target on the stock.
  • 7/27/2017 – Nokia Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $7.13 price target on the stock.
  • 7/27/2017 – Nokia Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $7.00 price target on the stock.
  • 7/26/2017 – Nokia Corporation was given a new $6.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/24/2017 – Nokia Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Nokia Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Nokia have outperformed the Zacks-categorized 'Wireless-Equipment' industry over the last one year. The recent resolution of the patent related dispute with Apple has removed a major overhang on Nokia’s shares. Following the deal, Nokia will get an up-front payment in cash from Apple. Nokia's growth-by-acquisition strategy is impressive. We are positive on Nokia's acquisitions of Withings S.A. and Gainspeed. In early Jan 2016, Nokia Networks gained control of Alcatel-Lucent. Nokia expects to realize annual operating cost synergies €1.2 billion in full-year 2018 from the deal. However, the below-par performance of its Networks division continues to hurt Nokia. Moreover, since the company operates globally its top line is vulnerable to adverse foreign currency movements.”
  • 7/16/2017 – Nokia Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/14/2017 – Nokia Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $7.28 price target on the stock.
  • 7/12/2017 – Nokia Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $7.10 price target on the stock.
  • 7/6/2017 – Nokia Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $5.75 price target on the stock.
  • 7/5/2017 – Nokia Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/5/2017 – Nokia Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $7.08 price target on the stock.
  • 6/16/2017 – Nokia Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/16/2017 – Nokia Corporation had its “market perform” rating reaffirmed by analysts at BMO Capital Markets.
  • 6/14/2017 – Nokia Corporation is now covered by analysts at Societe Generale. They set a “buy” rating on the stock.

Nokia Corporation (NOK) traded down 1.73% during midday trading on Thursday, reaching $6.25. 11,460,317 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $6.31 and its 200-day moving average price is $5.74. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65. The company’s market capitalization is $35.32 billion.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. Nokia Corporation’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. Equities analysts expect that Nokia Corporation will post $0.29 EPS for the current year.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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