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

Nokia Oyj (NYSE:NOK - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.86.

Several analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. The Goldman Sachs Group lowered shares of 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. Finally, Craig Hallum raised their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th.

Hedge Funds Weigh In On Nokia Oyj

Several large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Nokia Oyj by 1.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 414,609 shares of the technology company's stock valued at $1,837,000 after purchasing an additional 5,270 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $33,348,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $1,332,000. Northern Trust Corp lifted its holdings in shares of Nokia Oyj by 85.9% during the fourth quarter. Northern Trust Corp now owns 3,675,795 shares of the technology company's stock valued at $16,284,000 after purchasing an additional 1,698,005 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Nokia Oyj by 243.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,159,343 shares of the technology company's stock valued at $9,566,000 after purchasing an additional 1,530,523 shares during the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Down 0.1 %

Shares of Nokia Oyj stock traded down $0.01 during trading on Thursday, reaching $4.99. 24,228,928 shares of the stock were exchanged, compared to its average volume of 19,937,050. 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 stock's fifty day moving average is $4.57 and its 200 day moving average is $4.40. The firm has a market cap of $27.18 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.06.

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

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.