[Benzinga] Nokia Corporation (ADR) (NYSE:NOK)(TREND ANALYSIS) long-term earnings potential. The specialists attended the company’s press and analyst event at MWC and hosted an investor meeting with Ramzi Haidamus, President of Nokia Technologies.
Walkley and Sinha maintain their “positive long-term thesis given the long-term growth potential for all three divisions and increasing cash returns longer term.” They believe “the Networks business is well positioned to maintain strong margins and drive solid cash flows.” This, “combined with the longer-term potential for materially larger and higher margin licensing revenue and HERE sales,” makes them think that “Nokia shares represent an attractive long-term investment opportunity.”
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NOK is expected to report next quarter earnings on May 05. The company’s earnings per share consensus Street estimate stands at $0.05.
Nokia Corporation (ADR) (NYSE:NOK) is currently trading 12.14% below its 52-week-high, 9.57% above its 52-week-low. The 12-months range for the stock is $7 – $8.73. Nokia Corporation Sponsored Ame (NOK) has a price to earnings ratio of 8.43 versus S&P 500 average of 17.42. NOK stock price has underperformed the S&P 500 by 3.9%. The company is currently valued at $27.98 billion and its share price closed the last trading session at $7.67. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $8.04.
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There are currently fourty-three analysts that cover NOK stock. Of those fourty-three, fifteen have a Buy rating, seventeen have a Hold rating and eleven have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $7.37.
A recent analyst activity consisted of MKM Partners reiterating their Neutral stance on January 29. MKM Partners decreased price target from $9 to $8.5. This corresponds to a 10.82% upside from the last closing price. On the date of report, the stock closed at $7.75.
CanaccordGenuity reiterated their Buy stance on October 24, and increased their price target on NOK from $12 to $13. This corresponds to a 69.49% upside from the last closing price. On the date of report, the stock closed at $8.34.
Company profile
Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. It provides feature phones and smart phones under the Nokia brand; and mobile devices under the Vertu name. The company also develops a range of location-based products and services for consumers; platform services and local commerce services for device manufacturers, application developers, Internet services providers, merchants, and advertisers; and digital map information, and related location-based content and services for mobile navigation devices, automotive navigation systems, Internet-based mapping applications, and government and business solutions. In addition, it provides Flexi Multiradio base station, a software defined radio that supports global system for mobile communications, as well as third generation mobile communications and long-term evolution radio technologies with common Internet protocol/Ethernet, optical, or microwave transport; base station controllers; and related software. Further, the company offers network planning, optimizing, and managing services; software and hardware maintenance, proactive and multi-vendor care, and competence development services; network implementation; and consultation and systems integration services. Additionally, it provides products for subscriber customer care automation, network and resource management, device and data management, network and service assurance, reporting and analytics, charging and billing, identity and campaign management, and inventory management; mediation and service brokerage; and mobile browsing, messaging, multi screen television, and location-based services, as well as a voice as a service solution for virtualized services in a private cloud environment. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
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