Nokia Oyj (NYSE:NOK) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK - Free Report) from a hold rating to a buy rating in a research note published on Tuesday.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased 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. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and a consensus price target of $5.85.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock traded up $0.05 on Tuesday, reaching $5.13. 16,342,224 shares of the company were exchanged, compared to its average volume of 17,503,330. Nokia Oyj has a 1-year low of $3.48 and a 1-year high of $5.48. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company's 50-day moving average is $5.07 and its two-hundred day moving average is $4.70.

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

Hedge Funds Weigh In On Nokia Oyj

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Nokia Oyj by 58.4% in the 1st quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock valued at $38,000 after purchasing an additional 2,651 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj during the fourth quarter worth $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the fourth quarter valued at $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj in the fourth quarter valued at about $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in Nokia Oyj in the 4th quarter worth about $49,000. 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.