Nokia Corporation (NOK) Shares Sold by Oppenheimer & Co. Inc

Nokia Oyj (ADR) (NYSE:NOK) has risen 19.54% since June 15, 2016 and is uptrending.

About 9.05M shares traded.

Several large investors have recently modified their holdings of NOK. Menora Mivtachim Holdings LTD. increased its stake in Nokia Corporation by 74.3% in the fourth quarter. Usca Ria LLC boosted its stake in shares of Nokia Corporation by 15.1% in the first quarter. Stifel Financial Corp now owns 107,834 shares of the technology company's stock valued at $583,000 after buying an additional 691 shares during the last quarter. Carl Domino Inc now owns 46,400 shares of the technology company's stock valued at $251,000 after buying an additional 1,000 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Nokia Corporation by 5.6% in the third quarter. FMR LLC now owns 2,099,893 shares of the technology company's stock valued at $10,100,000 after buying an additional 266,800 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Nokia Corporation during the fourth quarter worth approximately $340,000. After a recent check, Nokia Oyj (ADR) (NYSE:NOK)'s 14-day RSI is presently at 59.12. Levin Capital Strategies Lp who had been investing in Nokia Corp for a number of months, seems to be bullish on the $36.81B market cap company. Nokia Corporation has a 52-week low of $4.04 and a 52-week high of $6.65. Based on an average daily volume of 20,524,529 shares, the days-to-cover ratio is presently 1.0 days. Oppenheimer downgraded Nokia Oyj (ADR) (NYSE:NOK) on Tuesday, January 3 to "Perform" rating. The hedge fund run by Robert Emil Zoellner held 1.72M shares of the health care company at the end of 2016Q4, valued at $137.72 million, down from 2.10M at the end of the previous reported quarter.

While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of -2.91%, where Monthly Performance is 0.8%, Quarterly performance is 16.15%, 6 Months performance is 33.54% and yearly performance percentage is 12.63%. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm's quarterly revenue was down 3.8% compared to the same quarter a year ago. Equities research analysts expect that Nokia Corporation will post $0.24 EPS for the current fiscal year. Shareholders of record on Friday, May 26th were given a dividend of $0.1824 per share.

The firm also recently disclosed a dividend, which was paid on Friday, June 9th. The ex-dividend date of this dividend is Tuesday, May 23rd. Nokia Corporation's payout ratio is now -242.84%.

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Several institutional investors have recently added to or reduced their stakes in NOK. Credit Suisse upgraded the shares of NOK in report on Tuesday, December 1 to "Outperform" rating.

02/21/2017 - Craig-Hallum began new coverage on Nokia Corporation giving the company a "buy" rating. The stock has "Buy" rating by Deutsche Bank on Monday, September 21. Vetr lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating and set a $5.52 price objective on the stock.in a research note on Monday, February 13th. BMO Capital Markets restated a "hold" rating and issued a $5.00 price target on shares of Nokia Oyj in a research report on Thursday, April 27th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $17.30 while their mean recommendation is 3.00 (1=Buy, 5=sell).

Nokia Corporation is engaged in the network and Internet protocol infrastructure, software, and related services market.

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