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Zacks Investment Research downgraded Nokia Corp (ADR) (NYSE:NOK) to Hold in a report released today.

Yesterday Nokia Corp (ADR) (NYSE:NOK) traded -0.90% lower at $5.70. The company’s 50-day moving average is $5.67 and its 200-day moving average is $5.68. The last closing price is up -3.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 13,812,856 shares of the stock traded hands, up from an average trading volume of 10,936,100

Zacks Investment Research has downgraded Nokia Corp (ADR) (NYSE:NOK) to Hold in a report released on 10/5/2016.

Previously on 10/4/2016, Zacks Investment Research reported on Nokia Corp (ADR) (NYSE:NOK) increased the target price from $0.00 to $6.50. At the time, this indicated a possible upside of 0.13%.

See Chart Below

Nokia Corp (ADR) (NYSE:NOK)

Nokia Corp (ADR) has a 52 week low of $5.01 and a 52 week high of $7.63 with a P/E ratio of 30.16 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $7.04 with 5 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About 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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