Notable Stocks: Nokia Corporation (NYSE:NOK), Ericsson (ADR) (NASDAQ:ERIC), Cliffs Natural Resources (NYSE:CLF), Prudential Financial Inc. (NYSE:PRU)

Posted by on Apr 02, 2014

Nokia Corporation (ADR) (NYSE:NOK) announced that CaixaBank has chosen Nokia as the preferred provider of smartphones for its employees. The agreement includes the purchase of approximately 30,000 Nokia Lumia devices. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.49 moved to $7.64 on last trade day and at the end of the day closed at $7.55. Company price to sales ratio in past twelve months was calculated as 0.82 and price to cash ratio as 3.79. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 3.28%.

To meet the needs of a data-hungry new generation of users in densely populated areas, dtac TriNet Co., Ltd, a subsidiary of Thailand’s second-largest mobile operator dtac, has assigned long-time partner Ericsson (NASDAQ:ERIC) to deploy a 4G/LTE network. Ericsson (ADR) (NASDAQ:ERIC) shares advanced 1.73% in last trading session and ended the day on $13.56. ERIC return on equity ratio is recorded as -0.60% and its return on assets is -0.30%. Ericsson (ADR) (NASDAQ:ERIC) yearly performance is 14.33%.

Cliffs Natural Resources Inc.(NYSE:CLF) announced that, following a comprehensive review of the trading volume, costs and administrative requirements related to its listing on Euronext Paris, the Company voluntarily requested the delisting of its shares (ISIN US18683K1016) from Euronext Paris. This request has been approved by the Board of Directors of Euronext. Cliffs Natural Resources Inc. (NYSE:CLF) shares moved down -2.05% in last trading session and was closed at $20.04, while trading in range of $19.77 – $20.70. Cliffs Natural Resources Inc. (NYSE:CLF) year to date (YTD) performance is -23.04%.

Prudential Short Duration High Yield Fund, Inc. (NYSE:PRU) reports unaudited earnings and financial position for quarter ended February 28, 2014. Prudential Financial Inc. (NYSE:PRU) weekly performance is -1.58%. On last trading day company shares ended up $85.82. Prudential Financial Inc. (NYSE:PRU) distance from 50-day simple moving average (SMA50) is 1.13%. Analysts mean target price for the company is $99.00.

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