Stock to Keep Your Eyes on: Nokia Corp (NOK)

Stock to Keep Your Eyes on: Nokia Corp (NOK)

Stock to Keep Your Eyes on: Nokia Corp (NOK)

With improved conditions in North America, Nokia's Networks unit is expected to witness some improvement.

If we look at the past company's performance moves, then it recent movement are telling different stories about price movement in different time period. Also, revenues at the networks unit declined 4% year over year.

Nokia Corporation (NYSE:NOK) now has a "Buy" signals on Composite indicators by TrendSpotter. Nokia Corporation (NYSE:NOK) has risen 19.54% since February 13, 2017 and is uptrending. Goldman Sachs Group reissued a neutral rating on shares of Nokia Oyj in a research note on Thursday, January 18th. Its book value per share for the most recent quarter is $3.6 while its price to book ratio for the same period is 1.53, as for as the company's cash per share for the most recent quarter is $1.43, however its price to cash per share ratio for the same period is 3.84.

Nokia Corporation (NOK) stock price moved with surging change along with the volume 13.05 million shares in Tuesday trading session. The current share price indicates that stock is -28.81% away from its one year high and is moving 46.49% ahead of its 52-week low.

Nokia Corp (NYSE:NOK)'s revenue estimates for the current quarter are $6.36 Billion according to 7 number of analysts, for the current quarter the company has high revenue estimates of $6.71 Billion in contradiction of low revenue estimates of $6.02 Billion.

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a company's financial position.

Nokia Corporation (NYSE:NOK) received a Buy rating from 2 analysts.

Nokia Corp (NYSE:NOK) has average revenue estimates of $6.36 Billion, compared to low analyst estimates of $6.02 Billion and high estimates of $6.71 Billion for the current quarter. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. JPMorgan Chase & Co. reissued a buy rating on shares of Nokia Oyj in a research note on Friday, October 27th. The company also declared a higher dividend.

The company posted an earnings surprise of 36.4%.

For the ongoing Fiscal Quarter, 20 analysts have an average earnings forecast of $1.11 per share. The fund owned 1,171,285 shares of the technology company's stock after selling 371,932 shares during the period.

Want to see what other hedge funds are holding NOK?

Currently Nokia Corp (NYSE:NOK)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%. The firm's revenue for the quarter was up.8% compared to the same quarter past year.

ILLEGAL ACTIVITY NOTICE: "Nokia Oyj (NYSE:NOK) Upgraded to "Hold" by Zacks Investment Research" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of worldwide trademark & copyright laws. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. Morgan Stanley set a €6.30 ($7.78) price objective on shares of Nokia Oyj and gave the company a "buy" rating in a report on Thursday, October 5th. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.