Nokia Oyj (NYSE:NOK) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Nokia Oyj (NYSE:NOK - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802,651 shares of the technology company's stock after acquiring an additional 150,186 shares during the quarter. Bank of Montreal Can's holdings in Nokia Oyj were worth $3,556,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC purchased a new position in shares of Nokia Oyj in the fourth quarter valued at $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the 4th quarter valued at about $46,000. Wedmont Private Capital purchased a new stake in shares of Nokia Oyj during the fourth quarter worth about $47,000. Wealthstream Advisors Inc. purchased a new position in Nokia Oyj in the fourth quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nokia Oyj during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. 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 report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, StockNews.com raised Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Stock Performance

Shares of NOK stock traded down $0.03 during trading hours on Monday, reaching $5.08. The stock had a trading volume of 14,967,641 shares, compared to its average volume of 17,493,623. The firm has a 50-day simple moving average of $5.08 and a 200-day simple moving average of $4.71. The firm has a market capitalization of $27.70 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a twelve month low of $3.56 and a twelve month high of $5.48.

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

Nokia Oyj 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.