Nokia (NOK) Receives Daily News Impact Rating of 0.14

Federico Mansilla
Marcha 29, 2018

Nokia 5 is backed by a 3,000mAh battery. Shares of NOK moved downward with change of -0.64% to its 50-day Moving average.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. Having said that, the company had already launched the Nokia 1 Android Go handset in the country earlier this week, so we're guessing that the Nokia 6 (2018), Nokia 7 Plus and the Nokia 8 Sirocco may follow, as those are the three Android One handsets that HMD introduced during the Mobile World Congress (MWC) last month, while the Nokia 1 landed alongside those three devices, and the Nokia 8110 4G, which is a feature phone, and it remains to be seen if it will arrive to India at all. Canaccord Genuity upgraded the stock to "Buy" rating in Monday, May 16 report. They noted that the move was a valuation call. Finally, Credit Suisse Group cut Nokia from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $4.89 to $5.00 in a research note on Friday, January 5th. Zacks Investment Research raised Nokia from a "sell" rating to a "hold" rating in a report on Tuesday, February 6th.

Analysts have a mean recommendation of 3.10 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). The Nokia 8 Sirocco also features a 5.5-inch QHD P-OLED display, which is curved, and Android 8.0 Oreo comes pre-installed on the device.

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A number of hedge funds and other institutional investors have recently made changes to their positions in NOK. Two Sigma Securities LLC's holdings in Nokia were worth $155,000 at the end of the most recent quarter. SG Americas Securities LLC now owns 356,888 shares of the technology company's stock valued at $2,134,000 after buying an additional 35,200 shares in the last quarter. Finally, Paloma Partners Management Co increased its stake in Nokia by 192.8% in the 4th quarter. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Nokia Corporation (NYSE:NOK) lost -1.81 Percent and closed its previous trading session at $5.44. The Stock now has a Weekly Volatility of 1.81% and Monthly Volatility of 1.65%. Nokia has a one year low of $4.51 and a one year high of $6.65. The stock has a market cap of $31,198.54, a PE ratio of -17.52, a PEG ratio of 2.42 and a beta of 1.05. Its EPS was $-0.32 while outstanding shares of the company were 5.78B. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.41 billion. As a result, the company has an (Earning Per Shares) EPS growth of 22.22 percent for the coming year. The business's quarterly revenue was down.7% compared to the same quarter last year. sell-side analysts forecast that Nokia will post 0.31 earnings per share for the current fiscal year. Stockholders of record on Friday, June 1st will be paid a $0.2364 dividend.

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