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ibusinesslines.com August 22, 2017


Smithbridge Asset Management Inc. DE Invests $119000 in Nokia Corporation (NOK)

13 August 2017, 06:21 | Jodi Jackson

Shares of Nokia Corporation (NOK) opened at 6.26 on Monday. The firm is scheduled to announce its next earnings report on Thursday, October 26th. Equities research analysts forecast that Nokia Corporation will post $0.29 EPS for the current fiscal year. For the next financial year, analysts anticipate that the firm will report sales of $25.93 billion per share, with estimates ranging from $25.13 billion to $26.73 billion.

Analysts' mean recommendation for Nokia Corporation (NOK) stands at 2.50.

Nokia Corporation (NYSE:NOK) last issued its earnings results on Thursday, July 27th. The analysts estimated EPS for the higher end at 0.08 and lower end at 0.04 while the year ago reported earnings per share was 0.07. The business had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.64 billion.

Moving focus toward profitability ratios, the return on equity was booked as -2.20%, while return on assets was -1.00%.


While considering growth estimates of the company, it has next quarter growth estimates of -15.4% whereas during current quarter it has 20% estimations over growth, comparing to the estimations of 20.8% during current year and 24.1% for next year. However the company reported $0.05 earnings per share for the same quarter during past year.

Looking out over the past year, company shares have been recorded 2.05% off the 52 week high and 37.45% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of The Estee Lauder Companies Inc. BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a report on Tuesday. Nokia Corporation presently has an average rating of "Hold" and an average target price of $6.24. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Nokia Corporation in a report on Thursday, April 27th. BMO Capital Markets set a $6.00 price target on Nokia Corporation and gave the company a "hold" rating in a research report on Wednesday, July 26th. Finally, Canaccord Genuity reiterated a "hold" rating and issued a $6.00 price objective on shares of Nokia Corporation in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock.

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. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & global trademark and copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2017/08/12/smithbridge-asset-management-inc-de-purchases-new-position-in-nokia-corporation-nok-updated-updated-updated.html.

Following trading activity for The Estee Lauder Companies Inc.(NYSE:EL), we can see that the stock has moved onto today's list of most actives. Nokia has $12.0 highest and $500 lowest target. The company has market cap of $442.34 million. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Sudden large price movements can create false buy or sell signals in the RSI. Stifel Financial Corp increased its stake in Nokia Corporation by 0.6% in the first quarter. Greenleaf Trust now owns 33,585 shares of the technology company's stock worth $207,000 after buying an additional 801 shares during the last quarter. Teachers Advisors LLC increased its stake in Nokia Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC boosted its position in Nokia Corporation by 53.3% in the second quarter. The firm owned 30,049 shares of the technology company's stock at the end of the second quarter. Creative Planning raised its stake in Nokia Corporation by 3.6% in the first quarter. Wellington Management Group LLP increased its position in shares of Nokia Corporation by 23.6% in the first quarter. Virtu KCG Holdings LLC now owns 244,710 shares of the technology company's stock worth $1,507,000 after buying an additional 72,391 shares in the last quarter. Wells Fargo & Company/mn owns 807,707 shares valued at $4,975,000. The Company's business processes, vendor and electronic payment management software and behavioral science analytics manage outcomes for marketplace participants.



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