Nokia Corporation (ADR) (NOK) was Upgraded by Canaccord Genuity to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 7 from a previous price target of $5.50 . Earlier the firm had a rating of “Hold ” on the company shares. Canaccord Genuity advised their investors in a research report released on May 16, 2016.
Many Wall Street Analysts have commented on Nokia Corporation (ADR). Nokia Corporation (ADR) was Upgraded by BofA/Merrill to ” Buy” on May 13, 2016. 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.
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) (NOK) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.24 and reached the intraday high at $5.28. The bulls started the profit booking and pushed the shares to intraday low of $5.135. The trading session was marked by a volume range of 1,70,94,943 shares exchanging hands. The 52-week high of the shares is $7.63 and the 52-week low is $5.11. The market cap of the company stands at $29,587 M and there are 5,71,18,44,000 shares in public circulation.
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.