Nokia (NOK) Catches Eye: Stock Adds 5.7% in Session – Tale of the Tape

April 30, 2014 Technicals 0

Zacks

Nokia Corporation (NOK) was a big mover last session with its shares rising nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost nearly 1% since April 22.

This mobile communications company has seen 2 positive estimate revisions over the past 30 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Nokia currently holds a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Investors interested in the telecommunication industry may also consider stocks like Polycom, Inc. (PLCM), ShoreTel, Inc. (SHOR) and Juniper Networks, Inc. (JNPR). While Polycom and ShoreTel sport the same Zacks Rank as Nokia, Juniper Networks holds a Zacks Rank #2 (Buy).

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