Commerzbank Aktiengesellschaft FI Has $1.22 Million Holdings in Nokia Oyj (NOK)
Commerzbank Aktiengesellschaft FI raised its position in Nokia Oyj (NYSE:NOK) by 124.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,322 shares of the technology company’s stock after buying an additional 117,648 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nokia Oyj were worth $1,221,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. United Capital Financial Advisers LLC purchased a new stake in Nokia Oyj in the 1st quarter valued at about $107,000. OLD National Bancorp IN purchased a new stake in Nokia Oyj in the 2nd quarter valued at about $129,000. Cetera Advisor Networks LLC increased its stake in Nokia Oyj by 77.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock valued at $141,000 after buying an additional 11,443 shares during the last quarter. Suntrust Banks Inc. increased its stake in Nokia Oyj by 75.7% in the 1st quarter. Suntrust Banks Inc. now owns 31,580 shares of the technology company’s stock valued at $171,000 after buying an additional 13,606 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Nokia Oyj by 86.0% in the 1st quarter. Sei Investments Co. now owns 35,904 shares of the technology company’s stock valued at $197,000 after buying an additional 16,602 shares during the last quarter. Hedge funds and other institutional investors own 6.83% of the company’s stock.
Several brokerages have recently issued reports on NOK. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research note on Friday, July 6th. ValuEngine lowered shares of Nokia Oyj from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Exane BNP Paribas upgraded shares of Nokia Oyj from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 19th. Nordea Equity Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Finally, BNP Paribas upgraded shares of Nokia Oyj from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.61.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.18 billion. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. Nokia Oyj’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. equities analysts forecast that Nokia Oyj will post 0.26 earnings per share for the current fiscal year.
Nokia Oyj Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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