Nokia Oyj (NYSE:NOK) Receives Consensus Rating of “Moderate Buy” from Analysts

Nokia Oyj (NYSE:NOK) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.85.

A number of research firms have commented on NOK. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.

Institutional Trading of Nokia Oyj

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC increased its position in Nokia Oyj by 15.3% in the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company’s stock worth $230,000 after buying an additional 6,965 shares during the period. Franklin Resources Inc. boosted its stake in Nokia Oyj by 1.2% in the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock worth $1,935,000 after purchasing an additional 5,190 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after purchasing an additional 702,279 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Nokia Oyj by 57.5% during the fourth quarter. GAMMA Investing LLC now owns 13,449 shares of the technology company’s stock valued at $60,000 after acquiring an additional 4,909 shares during the period. Finally, Aprio Wealth Management LLC acquired a new position in shares of Nokia Oyj during the fourth quarter valued at $82,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Down 1.4 %

NYSE:NOK opened at $4.92 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 6.43 and a beta of 0.97. The firm has a 50 day moving average of $5.09 and a 200 day moving average of $4.73.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Nokia Oyj’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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.