As Nokia Corp (NOK) Share Value Declined, Folketrygdfondet Decreased by $7.82 Million Its Stake

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Folketrygdfondet decreased its stake in Nokia Corp (NOK) by 6.36% based on its latest 2018Q2 regulatory filing with the SEC. Folketrygdfondet sold 1.56 million shares as the company’s stock declined 12.66% while stock markets rallied. The institutional investor held 23.05M shares of the radio and television broadcasting and communications equipment company at the end of 2018Q2, valued at $132.51 million, down from 24.61 million at the end of the previous reported quarter. Folketrygdfondet who had been investing in Nokia Corp for a number of months, seems to be less bullish one the $30.77B market cap company. The stock increased 1.39% or $0.07 during the last trading session, reaching $5.47. About 12.30M shares traded. Nokia Corporation (NYSE:NOK) has declined 12.81% since December 6, 2017 and is downtrending. It has underperformed by 28.43% the S&P500.

Folketrygdfondet, which manages about $3.65 billion US Long portfolio, upped its stake in Com Isin Bmg3682e1921 by 1.89M shares to 5.35 million shares, valued at $31.26M in 2018Q2, according to the filing.

Analysts await Nokia Corporation (NYSE:NOK) to report earnings on February, 7. They expect $0.15 EPS, 0.00 % or $0.00 from last year’s $0.15 per share. NOK’s profit will be $843.81 million for 9.12 P/E if the $0.15 EPS becomes a reality. After $0.07 actual EPS reported by Nokia Corporation for the previous quarter, Wall Street now forecasts 114.29 % EPS growth.

More notable recent Nokia Corporation (NYSE:NOK) news were published by: Globenewswire.com which released: “Exercises with stock options of Nokia Corporation – GlobeNewswire” on November 30, 2018, also Seekingalpha.com with their article: “Nokia Should Weather Correction Better Than Most In Tech – Seeking Alpha” published on November 29, 2018, Globenewswire.com published: “Nokia and China’s OPPO sign patent license agreement – GlobeNewswire” on November 26, 2018. More interesting news about Nokia Corporation (NYSE:NOK) were released by: Globenewswire.com and their article: “Nokia and StarHub complete 5G New Radio pilot in Singapore – GlobeNewswire” published on November 27, 2018 as well as Forbes.com‘s news article titled: “The Future Of Power Is Wireless: Here’s Why – Forbes” with publication date: December 04, 2018.

Nokia Corporation (NYSE:NOK) Ratings Coverage

Among 3 analysts covering Nokia (NYSE:NOK), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Nokia had 3 analyst reports since September 19, 2018 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, September 19. The stock of Nokia Corporation (NYSE:NOK) has “Underperform” rating given on Wednesday, September 19 by BNP Paribas. As per Friday, October 26, the company rating was upgraded by Canaccord Genuity.

Nokia Corporation (NYSE:NOK) Ratings Chart

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