Nokia Corporation (ADR) (NOK) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on Nokia Corporation (ADR). Shares were Reiterated by MKM Partners on May 11, 2016 to “Neutral” and Lowered the Price Target to $ 5.75 from a previous price target of $6.75 .Nokia Corporation (ADR) was Upgraded by Raymond James to ” Mkt Perform” on May 6, 2016. Nokia Corporation (ADR) was Upgraded by Nordea to ” Buy” on Apr 8, 2016.
On the company’s financial health, Nokia Corporation (ADR) reported $0.03 EPS for the quarter, based on the information available during the earnings call on May 10, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $5603.00 million for the quarter, compared to analysts expectations of $5741.36 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.
Nokia Corporation (ADR) closed down -0.38 points or -6.68% at $5.31 with 5,30,14,161 shares getting traded on Tuesday. Post opening the session at $5.29, the shares hit an intraday low of $5.26 and an intraday high of $5.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software hardware and services and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10000 patent families consisted of approximately 30000 individual patents and patent applications. The Company holds a majority stake in Alcatel-Lucent among others and owns operations and research and development (R&D) facilities in Europe North America and Asia.