Nokia Oyj (NYSE:NOK) Receives Average Rating of “Hold” from Brokerages

Nokia Oyj (NYSE:NOK) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.42.

A number of equities analysts have recently commented on NOK shares. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. BNP Paribas began coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating on the stock. Finally, Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th.

Hedge Funds Weigh In On Nokia Oyj

Several institutional investors and hedge funds have recently bought and sold shares of the company. Artisan Partners Limited Partnership grew its holdings in Nokia Oyj by 5.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock worth $365,152,000 after purchasing an additional 5,087,927 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Nokia Oyj by 22.3% in the fourth quarter. Pzena Investment Management LLC now owns 52,313,442 shares of the technology company’s stock worth $178,912,000 after purchasing an additional 9,522,186 shares during the last quarter. Walleye Capital LLC purchased a new position in Nokia Oyj in the third quarter worth $12,591,000. FMR LLC grew its holdings in Nokia Oyj by 4.3% in the third quarter. FMR LLC now owns 2,181,834 shares of the technology company’s stock worth $8,160,000 after purchasing an additional 90,895 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Nokia Oyj by 379.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock worth $5,109,000 after purchasing an additional 1,182,184 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Shares of NYSE:NOK opened at $3.65 on Friday. The firm has a market cap of $20.53 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The firm’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $3.47. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. During the same period last year, the business posted $0.16 earnings per share. As a group, equities analysts predict that Nokia Oyj will post 0.38 EPS for the current year.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.