Morgan Stanley Upgrades Nokia Corporation (ADR) to Overweight

Nokia introduces 4.9G and 4.5G Pro connectivity to help improve current LTE infrastructures and for a 5G future

CIBC World Markets Inc. now owns 19,989 shares of the technology company's stock valued at $116,000 after buying an additional 4,009 shares during the period.

NOK has been the topic of several other research reports. Canaccord Genuity reiterated a "hold" rating and issued a $5.00 price objective on shares of Nokia Corporation in a research report on Tuesday, February 7th. Charter Equity upgraded shares of Nokia Corporation from an "underperform" rating to a "market perform" rating in a report on Monday. Bank of America Corporation downgraded shares of Nokia Corporation from a buy rating to a neutral rating in a report on Wednesday, November 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The third largest holder is Waddell & Reed Financial Inc, which now holds $111.68 million worth of this stock and that ownership represents almost 0.38% of its market capitalization.

Nokia Corporation (NYSE:NOK) traded down 0.20% during mid-day trading on Tuesday, reaching $4.88. The stock was last seen 1.64% higher, reaching at $4.96 on February 13, 2017.

The stock as of last trading session moved 22.77% up from its 52 week low and was -17.20% behind its 52 week high. The company's 50 day moving average price is $4.77 and its 200-day moving average price is $5.04. The stock's market capitalization is $28.37 billion.

Nokia Corporation (ADR)(NOK) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $7.252B. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.05. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $7.35 billion.

Nokia Corporations in-depth stock price analysis indicates that the stock price has rallied 17.31% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -14.24%. The firm's quarterly revenue was down 13.0% compared to the same quarter a year ago. During the same quarter previous year, the business posted $0.15 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in Nokia Corporation by 159.2% in the third quarter. BlackRock Investment Management LLC raised its position in shares of Nokia Corporation by 6.2% in the third quarter. TCW Group Inc. now owns 971,016 shares of the technology company's stock valued at $4,671,000 after buying an additional 533,599 shares during the last quarter. Finally, Altalis Capital Management LLC raised its position in Nokia Corporation by 168.8% in the second quarter. First Allied Advisory Services Inc. now owns 34,132 shares of the technology company's stock valued at $164,000 after buying an additional 15,477 shares during the last quarter. BlackRock Group LTD now owns 1,134,860 shares of the technology company's stock valued at $6,571,000 after buying an additional 20,770 shares during the last quarter. Emerald Acquisition Ltd. now owns 10,820,534 shares of the technology company's stock valued at $62,650,000 after buying an additional 5,478,149 shares during the last quarter. Nokia Networks offers network infrastructure software hardware and services and is divided into Mobile Broadband and Global Services. Nokia Corp. (NOK) revealed that it will introduce its 4.9G technologies by the end of 2017.

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