Nokia Oyj (NYSE:NOK) Rating Lowered to Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Nokia Oyj (NYSE:NOK - Free Report) from a neutral rating to a sell rating in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have $3.60 target price on the technology company's stock.

Other research analysts have also recently issued research reports about the stock. Craig Hallum upped their target price 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. upgraded shares of Nokia Oyj from a "neutral" rating to an "overweight" rating and boosted their price target 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. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, Northland Securities reiterated an "outperform" rating and set a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.86.

Nokia Oyj Trading Down 3.6 %

Shares of NOK stock traded down $0.17 on Thursday, hitting $4.45. 30,563,026 shares of the stock traded hands, compared to its average volume of 15,633,746. The firm's 50-day moving average price is $4.41 and its two-hundred day moving average price is $4.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The stock has a market capitalization of $24.24 billion, a PE ratio of 55.56, a PEG ratio of 5.61 and a beta of 1.06. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The company had revenue of $4.75 billion for the quarter, compared to analysts' expectations of $5.10 billion. As a group, analysts anticipate that Nokia Oyj will post 0.35 EPS for the current year.

Institutional Trading of Nokia Oyj

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Nokia Oyj by 67.0% during the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company's stock worth $37,000 after buying an additional 3,427 shares during the period. Pinnacle Associates Ltd. acquired a new position in Nokia Oyj in the third quarter valued at approximately $44,000. Alternative Investment Advisors LLC. acquired a new position in Nokia Oyj in the second quarter valued at approximately $45,000. JGP Wealth Management LLC acquired a new position in Nokia Oyj in the third quarter valued at approximately $45,000. Finally, PEAK6 Investments LLC acquired a new position in Nokia Oyj in the third quarter valued at approximately $45,000. 5.28% of the stock is currently 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.