Nokia Corp. (NYSE:NOK) – Research analysts at Credit Agricole SA increased their FY2016 earnings estimates for shares of Nokia Corp. in a report released on Tuesday. Credit Agricole SA analyst A. Silver now anticipates that the brokerage will post earnings per share of $0.27 for the year, up from their previous forecast of $0.20. Credit Agricole SA has a “Underperform” rating on the stock. Credit Agricole SA also issued estimates for Nokia Corp.’s Q4 2016 earnings at $0.12 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.41 EPS.

Earnings History and Estimates for Nokia Corp. (NYSE:NOK)

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets downgraded Nokia Corp. from an “outperform” rating to a “market perform” rating and set a $4.00 price target for the company. in a research note on Tuesday. Credit Suisse Group AG restated an “outperform” rating and set a $60.00 price target on shares of Nokia Corp. in a research note on Tuesday. Bank of America Corp. downgraded Nokia Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wells Fargo & Co. restated a “hold” rating and set a $4.75 price target on shares of Nokia Corp. in a research note on Thursday, November 10th. Finally, Zacks Investment Research upgraded Nokia Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.91.

Shares of Nokia Corp. (NYSE:NOK) opened at 4.16 on Friday. The company has a 50-day moving average of $4.89 and a 200-day moving average of $5.43. The stock has a market capitalization of $24.01 billion, a P/E ratio of 51.36 and a beta of 1.51. Nokia Corp. has a 52 week low of $4.04 and a 52 week high of $7.55.

Institutional investors have recently made changes to their positions in the stock. Court Place Advisors LLC increased its position in shares of Nokia Corp. by 0.4% in the third quarter. Court Place Advisors LLC now owns 31,249 shares of the technology company’s stock valued at $181,000 after buying an additional 133 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Nokia Corp. by 0.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,639 shares of the technology company’s stock valued at $125,000 after buying an additional 134 shares during the period. Eqis Capital Management Inc. increased its position in shares of Nokia Corp. by 1.2% in the second quarter. Eqis Capital Management Inc. now owns 23,380 shares of the technology company’s stock valued at $133,000 after buying an additional 267 shares during the period. OLD National Bancorp IN increased its position in shares of Nokia Corp. by 0.6% in the second quarter. OLD National Bancorp IN now owns 70,874 shares of the technology company’s stock valued at $403,000 after buying an additional 456 shares during the period. Finally, Prospera Financial Services Inc increased its position in shares of Nokia Corp. by 5.6% in the third quarter. Prospera Financial Services Inc now owns 18,803 shares of the technology company’s stock valued at $109,000 after buying an additional 1,000 shares during the period. 4.34% of the stock is currently owned by institutional investors.

Nokia Corp. Company Profile

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.

5 Day Chart for NYSE:NOK

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