Court Place Advisors LLC Maintains Stake in Nokia Corporation (NYSE:NOK)

25 July, 2017, 13:25 | Author: Pamela Mathis
  • Nokia Oyj

Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in Nokia Corporation by 108.2% in the first quarter. Accern also assigned press coverage about the technology company an impact score of 39 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the next few days. Searle & CO. purchased a new stake in shares of Nokia Corporation during the fourth quarter valued at approximately $145,000. They expect $0.04 earnings per share, 0.00% or $0.00 from last year's $0.04 per share. TCW Group Inc. now owns 3,765,373 shares of the technology company's stock worth $20,409,000 after buying an additional 2,794,357 shares during the last quarter. Court Place Advisors LLC's holdings in Nokia Corporation were worth $185,000 at the end of the most recent quarter. Cullen Frost Bankers Inc sold 91,003 shares as the company's stock rose 22.38% with the market. Stelliam Investment Management LP bought a new stake in Nokia Corporation during the first quarter worth $34,268,000.

Shares of Nokia Corporation (NYSE:NOK) traded up 0.48% during midday trading on Monday, hitting $6.23. The average volume of a stock suggests the liquidity of a particular company. The firm's market capitalization is $35.23 billion. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Nokia Corporation has a one year low of $4.04 and a one year high of $6.65.

Nokia Corporation (NYSE:NOK) last issued its earnings results on Thursday, April 27th. After $0.03 actual earnings per share reported by Nokia Oyj (ADR) for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

In case of Revenue Estimates, 11 analysts have provided their consensus Average Revenue Estimates for Nokia Corporation as 6.17 Billion. Nokia Corporation had a positive return on equity of 6.57% and a negative net margin of 2.82%. However the company reported $0.03 earnings per share for the same quarter during past year. During the same period in the prior year, the company posted $0.03 EPS.

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A number of equities research analysts have weighed in on the stock. Argus Research upgraded it to "Buy" rating and $175 target in Wednesday, August 26 report.

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When it comes to the Analysis of a Stock, Price Target plays a vital role.

Previously on 7/12/2017, Vetr Inc. reported about Nokia Oyj (ADR) (NYSE:NOK) raised the target price from $0.00 to $7.10. BMO Capital Markets reaffirmed a "hold" rating and issued a $5.00 price objective on shares of Nokia Corporation in a report on Thursday, April 27th.

Additionally on 2/07/17 Morgan Stanley "Upgrades" Nokia Corp (NYSE:NOK) to Overweight setting price target at $0 and on 1/13/17 Natixis "Upgrades" the stock to Buy at $0. Zacks Investment Research downgraded shares of Nokia Corporation from a hold rating to a sell rating in a research note on Tuesday, April 4th. Finally, Wells Fargo & Company reissued a "market perform" rating on shares of Nokia Corporation in a research report on Friday, June 16th.

Among 6 analysts covering CBRE Group (NYSE:CBG), 4 have Buy rating, 0 Sell and 2 Hold.

Nokia Corp (NYSE:NOK)'s revenue estimates for the current quarter are $6.17 Billion according to 11 number of analysts, for the current quarter the company has high revenue estimates of $6.51 Billion in contradiction of low revenue estimates of $5.92 Billion. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

On the other hand the company has Relative Strength Index (RSI 14) of 43.46 along with Average True Range (ATR 14) of 0.1, Consequently Nokia Corp (NYSE:NOK)'s weekly and monthly volatility is 1.05%, 1.31% respectively.

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