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

Nokia Oyj (NYSE:NOK - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

NOK has been the subject of several other research reports. Craig Hallum upped their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, 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 report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.85.

Nokia Oyj Price Performance

NYSE:NOK traded up $0.14 during trading hours on Monday, reaching $4.96. 19,300,058 shares of the company's stock were exchanged, compared to its average volume of 17,587,931. 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 company has a market capitalization of $27.03 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The business's 50-day simple moving average is $5.05 and its two-hundred day simple moving average is $4.68.

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Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

Several institutional investors have recently made changes to their positions in NOK. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj in the fourth quarter worth about $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj in the 4th quarter valued at approximately $46,000. Wedmont Private Capital bought a new position in Nokia Oyj in the 4th quarter worth approximately $47,000. Wealthstream Advisors Inc. acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $49,000. Finally, Formidable Asset Management LLC bought a new stake in shares of Nokia Oyj in the fourth quarter valued at approximately $49,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Nokia Oyj

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.