Nokia Oyj (NOK) Earns Hold Rating from Canaccord Genuity

Chou Associates Management Inc. reduced its position in Nokia Corporation (NYSE:NOK) by 54.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). SOL Capital Management CO now owns 99,137 shares of the technology company's stock worth $537,000 after buying an additional 29,076 shares during the period. Nokia Corporation makes up about 2.4% of Chou Associates Management Inc.'s holdings, making the stock its 14th biggest holding.

Several other brokerages also recently weighed in on NOKIA. Comerica Bank increased its position in shares of Nokia Oyj by 13.5% in the fourth quarter. Wall Street experts also assign a $6.81 price target on Nokia Corporation, pointing towards a 15.23% rally from current levels. The value of the investment in Nokia Corporation Sponsored Ame went from $4,323,000 to $8,349,000 increasing 93.1% quarter over quarter. Royal Bank of Canada boosted its position in Nokia Corporation by 56.7% in the 2nd quarter. Trellus Management Company Llc sold 130,000 shares as Nokia Corp (NOK)'s stock rose 22.38%. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and global trademark and copyright law.

ILLEGAL ACTIVITY NOTICE: "Nokia Corporation (NOK) Stake Raised by Parametric Portfolio Associates LLC" was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another domain, it was copied illegally and republished in violation of USA and worldwide copyright & trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/moors-cabot-inc-acquires-73078-shares-of-nokia-corporation-nok/1695913.html. A total number of 9 analysts provided estimations over revenues. Oppenheimer Holdings Inc. reissued a hold rating on shares of Nokia Oyj in a research report on Thursday, April 27th. The firm has "Market Perform" rating given on Wednesday, November 16 by BMO Capital Markets. Nokia had 39 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse on Tuesday, December 1 to "Outperform".

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Nokia Oyj has a consensus rating of Buy and an average price target of €6.14 ($7.23). About 7.15M shares traded. About 7.15 million contracts were traded on 07-Oct-17 compared to daily average volume of 10.84 million shares. The stock was trading at a distance of -11.13% from its 52-week highs and stands 46.29% away from its 52-week lows. Citigroup initiated the stock with "Hold" rating in Thursday, June 8 report.

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Nokia Corporation (NOK) remained successful in beating the consensus-estimated $0.05 as it actually earned $0.09 per share in its last reported financial results. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The institutional investor held 260,139 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $1.60 million, up from 187,061 at the end of the previous reported quarter. They expect $0.06 EPS, up 20.00% or $0.01 from last year's $0.05 per share.

Nokia Corporation is maintained at an average outperform rating by 15 stock analysts, and there are at least 0.4% of shares outstanding that are now legally short sold.

Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.

Nokia Corporation (NOK) now the company's industry has 12.51 P/E and the sector P/E is 16.41. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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