Nokia Oyj (NYSE:NOK) Receives Average Recommendation of "Hold" from Analysts

Nokia Oyj (NYSE:NOK - Get Free Report) has earned an average rating of "Hold" from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.56.

A number of equities analysts recently issued reports on the company. Craig Hallum upgraded Nokia Oyj from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Northland Securities reissued an "outperform" rating and issued a $6.50 price target on shares of Nokia Oyj 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 Saturday, October 26th. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $4.36 to $4.35 and set a "neutral" rating on the stock in a research report on Monday, October 21st. Finally, Danske raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Friday, October 18th.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $4.20 on Friday. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The company's 50-day moving average price is $4.47 and its two-hundred day moving average price is $4.13. The stock has a market cap of $22.87 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 5.42 and a beta of 1.12.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

A number of institutional investors have recently modified their holdings of NOK. Pzena Investment Management LLC raised its holdings in shares of Nokia Oyj by 10.0% during the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company's stock worth $396,735,000 after acquiring an additional 8,261,407 shares in the last quarter. FMR LLC raised its stake in shares of Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Nokia Oyj by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company's stock valued at $3,787,000 after buying an additional 96,144 shares during the last quarter. Waterfront Wealth Inc. grew its stake in shares of Nokia Oyj by 10.3% in the 2nd quarter. Waterfront Wealth Inc. now owns 761,780 shares of the technology company's stock valued at $2,880,000 after buying an additional 71,022 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Nokia Oyj in the second quarter worth approximately $2,501,000. 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.