Nokia Corporation (ADR) is Upgraded by Morgan Stanley to ” Overweight”

Nokia Corporation (ADR) (NOK) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Nokia Corporation (ADR) reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $0.07. The company had revenue of $6715.00 million for the quarter, compared to analysts expectations of $6764.97 million. The company’s revenue was down -13.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Nokia Corporation (ADR) closed down -0.01 points or -0.20% at $4.88 with 69,68,624 shares getting traded on Friday. Post opening the session at $4.89, the shares hit an intraday low of $4.86 and an intraday high of $4.91 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Nokia Corporation (ADR)

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