Cullen Frost Bankers Inc. Sells 7699 Shares of Nokia Corporation (NOK)

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Its book value per share for the most recent quarter is $3.59 while its price to book ratio for the same period is 1.82, as for as the company's cash per share for the most recent quarter is $1.69, however its price to cash per share ratio for the same period is 3.86. SOL Capital Management CO now owns 99,137 shares of the technology company's stock valued at $537,000 after buying an additional 29,076 shares in the last quarter. It has a market cap of $38.04 Billion. The firm owned 50,000 shares of the technology company's stock after selling 130,000 shares during the period. On average, equities research analysts expect that Nokia Corporation will post $0.29 earnings per share for the current year. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. 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. Tocqueville Asset Management L.p. grew its stake by buying 275,446 shares an increase of 8.7% from 03/31/2017 to 06/30/2017. Finally, Canaccord Genuity reissued a "hold" rating and set a $6.00 price target on shares of Nokia Corporation in a research report on Friday, May 5th.

A number of research firms have recently issued reports on NOK. As of quarter end Blb&b Advisors, LLC had bought a total of 3,929 shares growing its stake by 7.6%.

The share price of the company (NYSE:NOK) was down -0.31%, with a high of 6.59 during the day and the volume of Nokia Corporation shares traded was 7333586. BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a research note on Sunday, July 16th. Next quarter's EPS is expected be $0.11 with next year's EPS projected to be $0.36. SOL Capital Management CO now owns 108,637 shares of the technology company's stock worth $669,000 after buying an additional 9,500 shares in the last quarter.

Company chares are trading at $6.52 just a bit higher than $6.30, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $5.68. Nokia Corporation's revenue was up.8% compared to the same quarter previous year. Institutional investors and hedge funds own 5.91% of the company's stock.

06/02/2017 - Nokia Corporation had its "neutral" rating reiterated by analysts at Bank of America Merrill Lynch. Cutter & CO Brokerage Inc. increased its position in Nokia Corporation by 14.6% in the first quarter. BMO Capital Markets reaffirmed a "market perform" rating and set a $6.00 price target on shares of Nokia Corporation in a research report on Wednesday, May 24th. Finally, Credit Suisse Group reaffirmed an "outperform" rating and set a $5.75 price target on shares of Nokia Corporation in a research report on Thursday, July 6th.

Taking a broader look at the analyst consensus, according to 12 analysts Nokia Corp (NYSE:NOK)'s price will reach at $6.77 during 52 weeks. Zacks Investment Research upgraded shares of Nokia Corporation from a "sell" rating to a "hold" rating in a research note on Monday, May 1st. "Sells 7,699 Shares of Nokia Corporation (NOK)" was posted by Stock Observer and is the property of of Stock Observer. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of US and worldwide copyright & trademark legislation. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/07/tiaa-cref-investment-management-llc-has-6-93-million-stake-in-nokia-corporation-nysenok-updated-updated-updated.html. SG Americas Securities LLC raised its stake in Nokia Corporation by 100.5% in the second quarter.

Additionally on 2/07/17 Morgan Stanley "Upgrades" Nokia Corp (NYSE:NOK) to Overweight setting price target at $0 and on 1/13/17 Natixis "Upgrades" the stock to Buy at $0.

Nokia Corporation, launched on December 19, 1896, is involved in the network and Internet protocol (IP) infrastructure, software, and related services market.

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