Nokia Oyj (NYSE:NOK) Given Average Rating of “Moderate Buy” by Analysts

Shares of Nokia Oyj (NYSE:NOK) have been given an average rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $5.86.

A number of research firms have recently weighed in on NOK. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.35 to $6.35 in a research note on Monday, December 9th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. Finally, Northland Securities reiterated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th.

Nokia Oyj Trading Up 2.2 %

NYSE NOK opened at $5.01 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06. The company’s 50-day simple moving average is $4.53 and its two-hundred day simple moving average is $4.38. Nokia Oyj has a one year low of $3.29 and a one year high of $5.01.

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

Hedge Funds Weigh In On Nokia Oyj

Several institutional investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its holdings in shares of Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock valued at $91,000 after purchasing an additional 2,509 shares in the last quarter. PDS Planning Inc increased its holdings in Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock worth $125,000 after acquiring an additional 2,665 shares in the last quarter. Truist Financial Corp increased its holdings in Nokia Oyj by 15.7% in the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,710 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Nokia Oyj by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock worth $293,000 after acquiring an additional 2,722 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after acquiring an additional 2,776 shares in the last quarter. 5.28% of the stock is owned by hedge funds and other 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.