Nokia Oyj (NYSE:NOK) has been given a consensus rating of “Hold” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.95.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Raymond James raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $4.75 to $7.50 in a research report on Tuesday, January 8th. ValuEngine raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, BMO Capital Markets raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $5.00 to $7.50 in a research report on Thursday, January 3rd.
Several institutional investors have recently made changes to their positions in NOK. Raymond James & Associates boosted its stake in Nokia Oyj by 155.5% during the second quarter. Raymond James & Associates now owns 178,464 shares of the technology company’s stock worth $1,026,000 after buying an additional 108,618 shares in the last quarter. Northern Trust Corp boosted its stake in Nokia Oyj by 0.3% during the second quarter. Northern Trust Corp now owns 5,583,259 shares of the technology company’s stock worth $32,102,000 after buying an additional 18,115 shares in the last quarter. Manning & Napier Group LLC boosted its stake in Nokia Oyj by 4.6% during the third quarter. Manning & Napier Group LLC now owns 315,090 shares of the technology company’s stock worth $1,758,000 after buying an additional 13,733 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Nokia Oyj during the third quarter worth $4,131,000. Finally, First Trust Advisors LP boosted its stake in Nokia Oyj by 397.2% during the third quarter. First Trust Advisors LP now owns 664,183 shares of the technology company’s stock worth $3,706,000 after buying an additional 530,591 shares in the last quarter. Institutional investors and hedge funds own 6.59% of the company’s stock.
Shares of NYSE:NOK traded up $0.03 during trading on Tuesday, reaching $6.24. The stock had a trading volume of 29,397,473 shares, compared to its average volume of 29,335,605. Nokia Oyj has a 52 week low of $5.07 and a 52 week high of $6.65. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.04 and a beta of 0.39. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 0.18.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Nokia Oyj had a negative net margin of 1.58% and a positive return on equity of 8.03%. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.61 billion. Research analysts predict that Nokia Oyj will post 0.3 EPS for the current fiscal year.
About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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