Home / Features / Nokia Corporation (NYSE:NOK) Cheers on Completing Roll-Out And Launch of first 4G Service in Myanmar- Telefonaktiebolaget LM Ericsson (ERIC)

Nokia Corporation (NYSE:NOK) Cheers on Completing Roll-Out And Launch of first 4G Service in Myanmar- Telefonaktiebolaget LM Ericsson (ERIC)

Nokia Corporation (NYSE:NOK) persists its position slightly strong in context of buying side, while shares price rose 1.06% during latest trading session. Nokia (NOK) and Ooredoo Myanmar have completed roll-out and launch of first 4G service in Myanmar, meeting the mobile data demands of residents and visitors with surged speeds and capacity. To ensure seamless network operations, the companies have also extended their existing managed services contract to incorporate the 4G network.

<p>Nokia completed the initial 4G roll-out in under three months by upgrading Ooredoo Myanmar’s existing 3G network using the Nokia Single RAN and Packet Core platforms. This fast deployment time allowed Ooredoo to launch its high-capacity service in Yangon, Nay Phi Daw, Mandalay, and Bagan and continue the country’s digital transformation.

<p>Harald Preiss, head of Asia North at Nokia, stated: “The ability to roll-out 4G services mainly via a software upgrade meant that we could complete deployment in the quickest time and in the most cost-effective way, allowing Ooredoo Myanmar to leverage its existing infrastructure. The upgraded network offers superior indoor coverage and surged capacity to meet future demand. And by extending our leading Managed Services expertise, we can ensure transparent operations across the network.”

Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue. With reference to all theories, earning yield also gives right direction to lure investment, as NOK has 5.08% dividend yield.

Narrow down focus to other ratios, the co has current ratio of 1.60 that indicates if NOK lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 1.40, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.22, sometimes its remain same with long term debt to equity ratio.

Following previous ticker characteristics, Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) also run on active notice, stock price showed upbeat performance 1.08% after traded at $7.52 in most recent trading session.

ERIC has price to earnings ratio of 15.04 and the price to current year EPS stands at 15.50%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 13.57%. The earning yield also gives right direction to lure investment, as the co has 6.12% dividend yield. Moving toward ratio analysis, it has current ratio of 2.00 and quick ratio was calculated as 1.60. The debt to equity ratio appeared as 0.20 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 0.95% for a week and 1.04% for a month. The price volatility’s Average True Range for 14 days was 0.12. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 3.20 out of 1-5 scale with week’s performance of 1.76%. ERIC’s institutional ownership was registered as 8.80%, while insider ownership was 0.90%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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