Accelerating Growth & Analysts Upside Potential For Nokia Corporation (NYSE:NOK)

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As of October 13th, there was short interest totalling 29,241,032 shares, a growth of 11.8% from the September 29th total of 26,144,457 shares.

Just yesterday Nokia Corporation (NYSE:NOK) traded -1.43% lower at $6.39. Given that its average daily volume over the 30 days has been 0.93 million shares a day, this signifies a pretty significant change over the norm. Nokia Corporation has a 1 year low of $4.04 and a 1 year high of $6.65. The return on assets stands at -1.1%, Return on Equity now is -2.6% and the Return on Investment value is -2.6%. The company P/S (price to Sales) ratio is 1.07, P/B (price to Book) ratio is 1.43, while its P/C (price to Cash) ratio stands at 3.61.

(NYSE:NOK) last posted its quarterly earnings results on Thursday, August 4th. Over the last six months, Nokia Corporation's stock has been -22.61% and 9.95% for the year. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. The Q1 2018 consensus earnings estimates for the company have stabilized at US$0.04 per share.

J P Morgan Chase & Co reaffirmed their buy rating on shares of Nokia Corporation (NYSE:NOK) in a report published on Friday, October 27th. Vetr upgraded Nokia Corporation from a "buy" rating to a "strong-buy" rating and set a $7.22 price objective on the stock in a research report on Wednesday, August 9th. Finally, Cowen and Company reiterated a "hold" rating and issued a $5.00 price target on shares of Nokia Corporation in a research report on Friday, July 28th. BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a report on Sunday, July 16th. Finally, Argus restated a buy rating and set a $10.00 target price on shares of Nokia Corp.in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. Nokia Corp. now has an average rating of Hold and a consensus target price of $6.50.

Several institutional investors have recently modified their holdings of NOK. Regentatlantic Capital LLC increased its position in shares of Nokia Corp.by 96.8% in the second quarter. Capstone Asset Management Co. increased its stake in shares of Nokia Corporation by 203.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company's stock worth $323,000 after purchasing an additional 900 shares during the last quarter. DE acquired a new position in shares of Nokia Corporation in the 2nd quarter valued at about $119,000. GA ADV now owns 64,122 shares of the technology company's stock worth $365,000 after buying an additional 4,974 shares in the last quarter. Geneva Advisors LLC acquired a new position in shares of Nokia Corporation in the 2nd quarter valued at about $125,000. Brokerages covering the name have a $6.06 on the stock. Investors Asset Management of Georgia Inc. Morgan Stanley now owns 2,547,509 shares of the technology company's stock valued at $13,807,000 after acquiring an additional 342,271 shares during the period. The company holds 5.88 billion outstanding shares and 5.78 billion shares are floating in market.

TRADEMARK VIOLATION WARNING: "New Jersey Better Educational Savings Trust Purchases Shares of 80,000 Nokia Corporation (NOK)" was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. 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.

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