Nokia Corporation (NOK) - Technical Watch

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About 19.81M shares traded or 31.11% up from the average.

The company surged 0.23% and closed its last trading session at $4.29. A total of 10.54 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 12.65 Million shares, while its relative volume stands at 0.83. The company P/S (price to Sales) ratio is 1.07, P/B (price to Book) ratio is 1.43, while its P/C (price to Cash) ratio stands at 3.61.

Nokia Corporation (NOK) stock was most active stock of Wall Street Market on Friday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The return on assets stands at -1.1%, Return on Equity now is -2.6% and the Return on Investment value is -2.6%. The firm had revenue of $5.58 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the previous year, the business posted $0.04 EPS.

The company P/E (price to earnings) ratio is 0 and Forward P/E ratio is 15.15. The analysts, on average, are forecasting a $52.4 price target, but the stock is already up 2.03% from its recent lows. Nokia Corporation has a consensus rating of "Hold" and a consensus price target of $5.75. On Monday, October 30 the stock rating was downgraded by Argus Research to "Hold". BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a research note on Sunday, July 16th. BMO Capital Markets set a $6.00 target price on Nokia Corporation and gave the company a "hold" rating in a research report on Wednesday, July 26th. Out of the analyst recommendations 1 rate Nokia Corp (NYSE:NOK) stock a Buy, 4 rate the stock Outperform, 9 rate Hold, 1 rate Underperform and 0 recommend a Sell. Nokia Corporation now has a consensus rating of "Hold" and an average price target of $5.75. Institutional investors own 5.87% of the company's stock. Teachers Advisors LLC increased its position in shares of Nokia Corporation by 53.3% in the second quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company's stock valued at $36,327,000 after purchasing an additional 1,429,672 shares during the period. Teachers Advisors LLC now owns 6,947,398 shares of the technology company's stock worth $42,796,000 after purchasing an additional 2,414,440 shares during the period. Creative Planning increased its position in shares of Nokia Corp.by 12.3% in the second quarter.

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The company has mean EPS estimate of 0.03 reported by 14 number of analyst for the quarter ending Current Qtr.(Dec2017). Finally, JPMorgan Chase & Co. increased its position in shares of Nokia Corporation by 4,241.3% in the second quarter. The stock has performed -4.52% over the last seven days, -18.04% over the last thirty, and -23.22% over the last three months. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company's stock valued at $24,017,000 after purchasing an additional 589,445 shares during the period. Regentatlantic Capital LLC increased its position in shares of Nokia Corp.by 96.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,153 shares of the technology company's stock worth $629,000 after purchasing an additional 3,327 shares during the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

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Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company's businesses include Nokia Networks and Nokia Technologies. 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.

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