Nokia Stock Rating Reaffirmed by TheStreet (NOK)
Nokia (NYSE: NOK)‘s stock had its “sell” rating reaffirmed by TheStreet in a research note issued on Thursday.
The analysts wrote, “Nokia Oyj (NOK) has been reiterated by TheStreet Ratings as a sell with a ratings score of D . The company’s weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.”
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Nokia in a research note to investors on Monday, March 4th. Separately, analysts at Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 27th. They now have a $6.00 price target on the stock. Finally, analysts at Nordea Equity Research upgraded shares of Nokia from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, February 15th.
Shares of Nokia traded up 1.16% during mid-day trading on Thursday, hitting $3.49. Nokia has a 52 week low of $1.63 and a 52 week high of $5.57. The stock’s 50-day moving average is currently $3.88. The company’s market cap is $12.951 billion.
Nokia last posted its quarterly earnings results on Thursday, January 24th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $10.55 billion. During the same quarter last year, the company posted $0.06 earnings per share. Nokia’s revenue was down 19.6% compared to the same quarter last year. Analysts expect that Nokia will post $0.07 EPS for the current fiscal year.
Nokia Corporation (Nokia) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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