Nokia Oyj (NOK) Receives $11.52 Consensus PT from Brokerages
- Author: Zachary Reyes May 30, 2017,
May 30, 2017, 0:03
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Similarly, the company's last 5 years high P/E ratio is 83.21 and low P/E is 9.93, whereas, the industry's and sector's high P/E for the past year is 11.45 and 23.57 respectively and low P/E ratio for the last 5 years is 6.94 for the industry and 9.75 for the Sector.
NOK has been the topic of several research analyst reports. Canaccord Genuity reissued a "hold" rating and set a $5.00 target price on shares of Nokia Oyj in a research report on Tuesday, February 7th. Finally, Charter Equity raised Nokia Oyj from an "underperform" rating to a "market perform" rating in a research report on Monday, February 13th. Zacks Investment Research raised shares of Nokia Oyj from a "sell" rating to a "hold" rating in a report on Monday, May 1st. The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Neutral" rating by BNP Paribas on Friday, October 28. As per Thursday, September 3, the company rating was maintained by Bernstein. Nokia Oyj has a 52-week low of $4.04 and a 52-week high of $6.65. The company has market cap of $37.40 billion. The stock has a 50 day moving average of $5.81 and a 200-day moving average of $5.10.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, April 27th.
EPS is often the first number companies report to shareholders in their quarterly earnings calls. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.33 billion.
Nokia Corporation (NOK) closed its previous trading session at $6.39 with the loss of -2.29%. The firm's revenue was down 3.8% on a year-over-year basis. The current share price indicate that stock is -53.67% away from its one year high and is moving 39.00% ahead of its 52-week low.
The firm also recently disclosed a dividend, which will be paid on Friday, June 9th. In the first quarter of fiscal 2018, the Company recorded a $6.3 million pre-tax charge, with a related tax benefit of $1.9 million, or $0.19 per diluted share, related to its previously announced cost savings initiatives. The ex-dividend date of this dividend is Tuesday, May 23rd.
Nokia Corporation (NOK) now has a Return on Assets (ROA) value of 0 Percent.
A number of hedge funds have recently modified their holdings of NOK. Cutter & CO Brokerage Inc. increased its stake in Nokia Oyj by 14.6% in the first quarter. Private Advisor Group LLC now owns 38,121 shares of the technology company's stock valued at $182,000 after buying an additional 6,024 shares during the period. Checchi Capital Advisers LLC increased its stake in Nokia Oyj by 0.6% in the third quarter. Menora Mivtachim Holdings LTD. now owns 30,500 shares of the technology company's stock valued at $147,000 after buying an additional 13,000 shares during the last quarter. HighTower Advisors LLC now owns 163,012 shares of the technology company's stock worth $883,000 after buying an additional 7,765 shares in the last quarter.
Many investors think of dividend-paying companies as boring, low-return investment opportunities.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and global copyright & trademark law.
Part of a state-wide network expansion initiative, Frontier will use Nokia's G.fast technology to quickly bring fiber-like speeds to customers without having to install new, in-building fiber infrastructure.