Nokia Corporation (NOK) Stake Boosted by US Bancorp DE

Equities analysts predict that Nokia Oyj (NYSE:NOK) will report $5.98 billion in sales for the current fiscal quarter, Zacks Investment Research reports. The hedge fund run by John A. Levin held 51.47M shares of the radio and television broadcasting and communications equipment company at the end of 2016Q4, valued at $247.56 million, up from 40.21 million at the end of the previous reported quarter. Finally, Oppenheimer Holdings, Inc. reissued a "market perform" rating on shares of Nokia Corporation in a report on Tuesday, February 7th. It also reduced Pdc Energy Inc (NASDAQ:PDCE) stake by 160,118 shares and now owns 802,429 shares. Tocqueville Asset Management L.P. increased its stake in Nokia Corporation by 24.9% in the third quarter. Levin Capital Strategies Lp bought 11.26 million shares as the company's stock rose 22.38% with the market. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Nokia Corporation during the first quarter valued at $136,000. Carl Domino Inc now owns 46,400 shares of the technology company's stock valued at $251,000 after buying an additional 1,000 shares during the last quarter. Currently Nokia Corporation (NOK) has beta value of 1.26. Menora Mivtachim Holdings LTD. increased its position in shares of Nokia Corporation by 74.3% in the fourth quarter. Creative Planning now owns 49,305 shares of the technology company's stock valued at $267,000 after buying an additional 1,727 shares during the last quarter.

Nokia Corporation (NYSE:NOK) was the recipient of a large decline in short interest during the month of May.

About 14,207 shares traded. The stock's 50 day moving average is $6.24 and its 200-day moving average is $5.30. Nokia Oyj has a 52-week low of $4.04 and a 52-week high of $6.65. The Market Capitalization of the company stands at 37.15 Billion.

Analysts await Nokia Oyj (ADR) (NYSE:NOK) to report earnings on August, 3. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.33 billion. Nokia Oyj had a negative net margin of 8.13% and a negative return on equity of 9.64%. The company reported revenue of $6.35 Billion in the same period past year. They expect $0.04 earnings per share, 0.00% or $0.00 from last year's $0.04 per share. Shareholders of record on Friday, May 26th will be given a dividend of 0.1824 per share by the technology company on Friday, June 9th. The ex-dividend date of this dividend was Tuesday, May 23rd. Nokia Corporation's payout ratio is now -92.85%.

Microsoft Surface Laptop is extremely hard to fix
To be fair, Microsoft is not the only one manufacturer to come up with new products that are almost impossible to fix . The battery can not be changed with time and, thus, can not be upgraded regarding hardware.

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Several other brokerages also recently weighed in on NOK. Nokia Corporation was covered by a number of analysts recently, 2 rated the stock as Buy, 4 rated Outperform, 10 rated Hold, 1 gave an Underperform and 0 rated sell. Canaccord Genuity's price target indicates a potential downside of 6.25% from the stock's previous close. They now have a United States dollars 7.5 price target on the stock. BMO Capital Markets reissued a "market perform" rating and issued a $4.00 price objective on shares of Nokia Corporation in a report on Thursday, February 2nd.

Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. Nokia FP4 silicon provides a generational performance boost over existing solutions while delivering improved network security and intelligence.

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