IT&Software

Nokia Corp. (NOK) Stock Rating Lowered by Credit Agricole SA

Nokia Corp. (NOK) Stock Rating Lowered by Credit Agricole SA

According to Zacks, "Nokia's third quarter earnings met estimates while revenues missed the same". Earnings results can offer insight into the overall profitability of a specific company. The company had Year Ago Sales of 4.22 Billion. The company's net profit margin has achieved the current level of 28.7 percent and possesses 0 percent gross margin.

Several other research analysts also recently weighed in on the company.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.25 on the shares of Nokia Corp (ADR) (NYSE:NOK). Finally, Morgan Stanley restated a "neutral" rating on shares of Nokia Corp.in a research note on Friday, August 12th. Credit Suisse Group AG reiterated an "outperform" rating and issued a $5.01 target price (down from $5.09) on shares of Nokia Corp.in a research note on Thursday, October 13th.

Nokia Corporation was downgraded to "underperform" by analysts at CLSA. Bank of America Corp. restated a "buy" rating on shares of Nokia Corp.in a research note on Thursday, July 14th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

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Many analysts are providing their Estimated Earnings analysis for Nokia Corporation and for the current quarter 8 analysts have projected that the stock could give an Average Earnings estimate of $0.08/share. The return on equity ratio or ROE stands at 6.6 percent while most common profitability ratio return on investment (ROI) was 13.7 percent. In addition to this price estimate, the leading brokerages have announced the earnings estimates for Nokia Corporation (ADR) (NYSE:NOK). The shares will begin trading in Nasdaq Helsinki (NOKIA) together with other Nokia shares as of October 31, 2016 and are expected to begin trading on Euronext Paris (NOKIA) as of November 1, 2016. Last time the company reported, Nokia Corporation (NOK) generated $0.05 in earnings per share, beating the consensus estimate of $0.04. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5837.28 million.

A number of hedge funds have recently made changes to their positions in NOK. The average volume stands around 12.1 million shares. Eqis Capital Management Inc. raised its stake in shares of Nokia Corp.by 1.2% in the second quarter. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. 3 analysts call it Underweight, while 4 think it is Overweight. Mobile Broadband provides mobile operators with network solutions for mobile voice and data services through its Radio and Core business lines.

Nokia Corporation, incorporated on December 19, 1896, is a global well-known provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing.


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