Goldman Sachs Upgrades Nokia Corporation (ADR) to Buy

Brokerage firm Goldman Sachs Upgrades its rating on Nokia Corporation (ADR)(NYSE:NOK). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Jun 30, 2016.

In a different note, On May 25, 2016, CLSA said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Outperform’ by the firm. On May 16, 2016, Canaccord Genuity said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Bank of America said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Raymond James said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Market Perform’ by the firm. On Apr 8, 2016, Nordea said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm.

Nokia Corporation (ADR) (NOK) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -5.12% at a volume of 1,84,61,842. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.4. The peak price level was also seen at $5.4 while the days lowest was $5.33. Finally the shares closed at $5.37. The 52-week high of the shares is $7.63 while the 52-week low is $5.01. According to the latest information available, the market cap of the company is $30,673 M.

Nokia Corporation (ADR)(NOK) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $6.39B. Analysts had an estimated revenue of $6.29B. Earnings per share were $0.03. Analysts had estimated an EPS of $0.03.

Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software hardware and services and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10000 patent families consisted of approximately 30000 individual patents and patent applications. The Company holds a majority stake in Alcatel-Lucent among others and owns operations and research and development (R&D) facilities in Europe North America and Asia.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *