Stock Buzzer: A Reversal for Nokia Corp (ADR) Is Not Near. The Stock Declines Again

Stock Buzzer: A Reversal for Nokia Corp (ADR) Is Not Near. The Stock Declines Again

The stock of Nokia Corp (ADR) (NYSE:NOK) is a huge mover today! About 33.41M shares traded hands or 136.61% up from the average. Nokia Corp (ADR) (NYSE:NOK) has declined 29.00% since April 13, 2016 and is downtrending. It has underperformed by 32.92% the S&P500.
The move comes after 9 months negative chart setup for the $23.64B company. It was reported on Nov, 15 by Barchart.com. We have $3.84 PT which if reached, will make NYSE:NOK worth $1.65B less.

Nokia Corp (ADR) (NYSE:NOK) Ratings Coverage

Out of 17 analysts covering Nokia (NYSE:NOK), 11 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 65% are positive. Nokia has been the topic of 20 analyst reports since August 26, 2015 according to StockzIntelligence Inc. On Wednesday, August 26 the stock rating was upgraded by Danske Bank to “Hold”. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, December 1 report. The company was upgraded on Friday, April 8 by Nordea. Morgan Stanley reinitiated the stock with “Equal-Weight” rating in Tuesday, February 16 report. The company was upgraded on Friday, January 15 by Argus Research. The firm earned “Neutral” rating on Friday, October 28 by BNP Paribas. The stock of Nokia Corp (ADR) (NYSE:NOK) has “Overweight” rating given on Thursday, February 18 by JP Morgan. The firm has “Buy” rating given on Friday, May 13 by Bank of America. The firm has “Buy” rating given on Thursday, June 30 by Goldman Sachs. The firm has “Sell” rating given on Tuesday, September 1 by Nordea.

According to Zacks Investment Research, “Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.”

Another recent and important Nokia Corp (ADR) (NYSE:NOK) news was published by Investorplace.com which published an article titled: “Why Groupon Inc (GRPN), Nokia Corp (ADR) (NOK) and National-Oilwell Varco, Inc …” on October 27, 2016.

NOK Company Profile

Nokia Corporation, incorporated on December 19, 1896, is a global well-known 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 divisions include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies. Mobile Broadband provides mobile operators with network solutions for mobile voice and data services through its Radio and Core business lines. Global Services provides mobile operators with services to create and maintain networks. Nokia Networks Other includes net sales and related cost of sales and operating expenses of non-core businesses. Nokia Technologies focuses on technology development and licensing, and includes net sales from both intellectual property right activities and technology licensing. The Radio business consists of second generation (2G) to fifth generation (5G) technology generations. The Core business has a mobile switching portfolio, as well as voice and packet core solutions.

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