Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Corp    NOKIA   FI0009000681

NOKIA CORP (NOKIA)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

EUROPE MARKETS: German Optimism Boosts Europe Stocks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/25/2013 | 01:22pm CET

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- European stock markets were on track for a third straight day of gains, after upbeat German business data and encouraging comments from European Central Bank President Mario Draghi cheered investors.

The Stoxx Europe 600 index gained 0.2% to 289.40, adding to Thursday's gains when the benchmark closed at its highest level since February 2011.

Shares of Nokia Corp. (>> Nokia Oyj) posted some of the biggest losses in the index, down 5.6% to EUR3.11, adding to a 5.5% prior-day loss on the back of a mixed earnings report. UBS cut the Finnish handset maker's price target to EUR2.80 from EUR3.

On a more upbeat note, shares of STMicroelectronics NV gained 4.4%, after Exane BNP Paribas lifted the chip maker to outperform from neutral.

On a broader basis, investors tracked comments from Draghi as the ECB boss spoke at the World Economic Forum in Davos. Draghi said that economic activity was stabilizing, while also foreseeing a recovery in the second half of the year.

Separately, the ECB said banks that participated in the three-year, long-term refinancing operations, also referred to as LTRO, will begin next week to repay 137.2 billion euros ($183.59 billion) of the more than 1 trillion euros in loans provided in December 2011 and February 2012.

Investors also focused on the latest data set from Germany. The Munich-based Ifo Institute's January business-climate index took an unexpectedly strong jump to 104.2 from 102.4 in December, signaling that a widely-suspected contraction in the fourth-quarter may have come to an end.

"January's rise in the German Ifo business survey provides further hope that Q4's estimated sharp fall in GDP will be a one off," Ben May, European economist at Capital Economics, said in a note.

"Nonetheless, given that the effects of the recent appreciation of the euro are unlikely to have been fully felt by exporters, it is too early to conclude that Germany will record a strong and sustained expansion in 2013," he added.

The DAX 30 index rallied 1.2% to 7,839.01, with shares of Commerzbank AG rising 0.9%.

Economic data out of the U.K., however, weren't as bright.The Office for National Statistics said the U.K. economy contracted 0.3% in the fourth quarter, worse than economists had expected.

U.K. stocks were slightly higher, with the FTSE 100 index trading around 6,267.15.

Shares of Royal Dutch Shell PLC (RDSB) gained 0.8%, after Société Générale lifted its rating on the oil major to buy from hold.

France's CAC 40 index rose 0.6% to 3,772.87, with shares of Credit Agricole SA up 2.4%. The bank said it would take a hit of around EUR160 million euros due to a EUR651 million impairment charge at the regional-bank level, but that it wouldn't effect its consolidated results or solvency ratios.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Nokia Oyj
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NOKIA CORP
03/23 NOKIA : has filed its annual Form 20-F for 2016 with the U.S. Securities and Exc..
03/23 Nokia completes first pre-standard 600MHz LTE call using commercially-availab..
03/22 NOKIA : has received all necessary authority approvals for Solutions and Network..
03/22 NOKIA : 100G optical portfolio supports massive growth for Jio's pan-India 4G ne..
03/22 Nokia Announces Final Results for its Offer to Purchase Euro and Dollar Notes
03/22 NOKIA : Announces Final Results for its Offer to Purchase Euro and Dollar Notes
03/21 NOKIA : and Facebook break subsea spectral efficiency records in transatlantic f..
03/21 Nokia and Facebook break subsea spectral efficiency records in transatlantic ..
03/20 NOKIA CORP : Blog Coverage Shake-up in Nokia Top Management Ahead of Business Re..
03/17DJNokia Mobile Network Chief to Leave in Strategic Shake-Up
More news
Sector news : Phones & Smart Phones
07:48aDJSAMSUNG ELECTRONICS : CEO Cites Revamp Pitfalls -- WSJ
03/24DJSAMSUNG ELECTRONICS : Restructuring Plan Faces Challenges
03/24 SAMSUNG ELECTRONICS : says it did not provide any illegal financial support
03/24 SAMSUNG ELECTRONICS : says will further improve transparency to shareholders
03/22 U.S. Supreme Court gets rid of delay defence in patent cases
More sector news : Phones & Smart Phones
News from SeekingAlpha
03/23 COVERAGE UPDATE : Is Snap A Buy, Alphabet A Hold?
03/20 Delta Air Lines Is Cheap - Cramer's Lightning Round (3/17/17)
03/17 WALL STREET BREAKFAST : G20 Finance Meeting Gets Underway
03/17 Nokia splits mobile networks group
03/15 Nokia, TIM extend cooperation in Brazil
Advertisement
Financials (€)
Sales 2017 23 293 M
EBIT 2017 1 484 M
Net income 2017 86,2 M
Finance 2017 3 346 M
Yield 2017 3,61%
P/E ratio 2017 192,92
P/E ratio 2018 27,17
EV / Sales 2017 1,10x
EV / Sales 2018 1,08x
Capitalization 28 935 M
More Financials
Chart NOKIA CORP
Duration : Period :
Nokia Corp Technical Analysis Chart | NOKIA | FI0009000681 | 4-Traders
Full-screen chart
Technical analysis trends NOKIA CORP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 5,42 €
Spread / Average Target 9,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Marc Rouanne Chief Operating & Innovation Officer
Kristian Pullola Chief Financial Officer
Kari Henrik Stadigh Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NOKIA CORP8.28%31 236
COOLPAD GROUP LTD-10.00%467
DORO AB-0.94%138
NUMEREX CORP.-38.24%89
RAONSECURE CO LTD--.--%88
DIGIA OYJ-8.57%64
More Results