Nokia Oyj (NYSE:NOK) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Nokia Oyj (NYSE:NOK) from a buy rating to a hold rating in a research note published on Monday.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Craig Hallum lifted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Trading Down 2.0 %

Nokia Oyj stock opened at $4.69 on Monday. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.48. The company has a market cap of $25.55 billion, a P/E ratio of 18.74, a P/E/G ratio of 6.43 and a beta of 0.97. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $5.02 and a two-hundred day simple moving average of $4.66.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Nokia Oyj

A number of institutional investors and hedge funds have recently bought and sold shares of NOK. Checchi Capital Advisers LLC grew its position in shares of Nokia Oyj by 14.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after purchasing an additional 2,509 shares in the last quarter. PDS Planning Inc raised its position in shares of Nokia Oyj by 10.4% during the fourth quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock valued at $125,000 after buying an additional 2,665 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Nokia Oyj by 4.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock worth $293,000 after buying an additional 2,722 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nokia Oyj by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock worth $420,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Nokia Oyj by 5.1% during the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock valued at $309,000 after acquiring an additional 3,453 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

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.