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

Nokia Oyj (NYSE:NOK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.85.

A number of analysts have recently commented on the company. Craig Hallum upped their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. StockNews.com cut shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th.

Nokia Oyj Stock Performance

Shares of NYSE:NOK traded down $0.09 during trading on Monday, hitting $5.15. The stock had a trading volume of 25,129,261 shares, compared to its average volume of 21,909,219. 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 12-month low of $3.29 and a 12-month high of $5.28. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The stock has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.52.

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Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, equities research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

A number of institutional investors have recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC acquired a new position in Nokia Oyj during the fourth quarter worth $45,000. D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj during the 4th quarter worth about $46,000. PEAK6 Investments LLC purchased a new position in Nokia Oyj in the 3rd quarter valued at about $45,000. Wedmont Private Capital purchased a new stake in Nokia Oyj during the 4th quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 5.28% of the company's stock.

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.