Nokia Corporation (ADR) (NOK) was Upgraded by Credit Agricole to ” Outperform”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Agricole advised their investors in a research report released on May 25, 2016.
Many Wall Street Analysts have commented on Nokia Corporation (ADR). Company shares were Upgraded by Canaccord Genuity on May 16, 2016 to ” Buy”, Firm has raised the Price Target to $ 7 from a previous price target of $5.50 .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 .
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) opened for trading at $5.17 and hit $5.24 on the upside on Friday, eventually ending the session at $5.21, with a gain of 0.77% or 0.04 points. The heightened volatility saw the trading volume jump to 1,19,20,998 shares. Company has a market cap of $29,759 M.
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.