Analyst Revises Nokia Corporation (ADR) (NYSE:NOK) Stock Target


Nokia Corporation (ADR) (NYSE:NOK) mean price target has been set at $6.9100 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.0500 in the near-term quarter and $0.2200 for the ongoing fiscal. The market cap of Nokia Corporation Sponsored Ame was recorded at $32.59B after the stock closed at $5.7064 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Nokia Corporation (ADR) (NYSE:NOK) has a P/E ratio of 11.9132. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Nokia Corporation (ADR) (NYSE:NOK) PEG ratio sits at 1.1300. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Nokia Corporation Sponsored Ame visibly illustrates that the 50-day MA of Nokia Corporation Sponsored Ame is $5.5066, and stock is trading 0.1998 or +3.6289% distant from $5.5066. The 200-day MA is $6.1892, and this price is $-0.4828 or -7.8007% off from current level. Nokia Corporation (ADR) (NYSE:NOK) 52-week high is $7.6300 and the 52-week low is $5.0800. This represents that if the stock moves $-1.9236 points up on the chart to make a 52-week high. But, if it declines $+12.3307%, then the shares price can hit a new 52-week low.

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