Bank of America Corp. downgraded Nokia Corp (ADR) (NYSE:NOK) to Neutral in a report released today.
- Updated: November 30, 2016
Bank of America Corp. has downgraded Nokia Corp (ADR) (NYSE:NOK) to Neutral in a report released on Wednesday November 30, 2016.
Just yesterday Nokia Corp (ADR) (NYSE:NOK) traded 0.23% higher at $4.30. Nokia Corp (ADR)’s 50-day moving average is $4.55 and its 200-day moving average is $5.36. The last stock price is down -19.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 10,212,947 shares of NOK traded hands, down from an average trading volume of 12,032,700
Recent Performance Chart
Nokia Corp (ADR) has 52 week low of $4.04 and a 52 week high of $7.55 with a PE ratio of 54.43 and has a market capitalization of $0.
In addition to Bank of America Corp. reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $7.04 with 5 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Nokia Corp (ADR) (NYSE:NOK)
Nokia Corporation is a global 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 segments 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. 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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