Nokia Corp. Getting Somewhat Favorable Media Coverage

The market capitalization of Nokia Corporation is at $33.69 Billion. 4,229,619 shares of the stock traded hands. Teachers Advisors LLC grew its position in Nokia Corporation by 53.3% during the second quarter. Cutter & CO Brokerage Inc. lifted its holdings in Nokia Corporation by 8.5% in the second quarter. After a recent check, it is observed that the insiders for the firm now own N/A% shares. 18361407 shares were traded on Nokia Corporation's last session. Tocqueville Asset Management L.P. now owns 3,426,846 shares of the technology company's stock worth $21,109,000 after buying an additional 275,446 shares in the last quarter. Finally, First Command Bank lifted its holdings in Nokia Corporation by 100.0% in the second quarter. FMR LLC now owns 2,995,663 shares of the technology company's stock worth $18,453,000 after buying an additional 72,180 shares in the last quarter. However, the institutional investors are observed to own 6.10% of the total shares.

Several research analysts have weighed in on the company. The company reported revenue of $7.79 Billion in the same period previous year. Finally, Bank of America Corporation lowered shares of Nokia Corporation from a "buy" rating to a "neutral" rating in a research report on Wednesday, November 30th. Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Headlines about Nokia Corporation (NYSE:NOK) have trended somewhat positive on Wednesday, according to Accern. NOK's latest closing price was 4.36% away from the average price of 200 days while it maintained a distance of -0.64% from the 50 Day Moving Average and 1.98% away compared to its SMA 20. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65. The stock exchanged hands 18.36 Million shares versus average trading capacity of 10.41 Million shares, yielding a market cap of $35.08 Billion. Previously Nokia Corp (NYSE:NOK) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The technology company reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.05. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.64 billion. Its book value per share for the most recent quarter is $4.01 while its price to book ratio for the same period is 1.52, as for as the company's cash per share for the most recent quarter is $1.85, however its price to cash per share ratio for the same period is 3.28. Nokia Corporation's quarterly revenue was up.8% compared to the same quarter previous year. Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.31 in total earnings per share. On average, analysts anticipate that Nokia Corporation will post $0.30 earnings per share for the current year.