Shares of Nokia Oyj (NYSE:NOK - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.86.
NOK has been the subject of a number of research reports. StockNews.com cut shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target for the company. in a research note on Thursday. Northland Securities reiterated an "outperform" rating and issued a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum lifted their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Danske upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday, October 18th.
Check Out Our Latest Analysis on Nokia Oyj
Nokia Oyj Trading Up 1.5 %
Shares of NYSE:NOK traded up $0.07 during mid-day trading on Friday, reaching $4.51. 17,199,435 shares of the company were exchanged, compared to its average volume of 9,357,307. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 56.31, a P/E/G ratio of 5.61 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The firm's 50-day simple moving average is $4.40 and its 200 day simple moving average is $4.28.
Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. Equities research analysts forecast that Nokia Oyj will post 0.35 EPS for the current year.
Hedge Funds Weigh In On Nokia Oyj
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. boosted its holdings in shares of Nokia Oyj by 28.2% in the 4th quarter. Atomi Financial Group Inc. now owns 47,134 shares of the technology company's stock valued at $209,000 after buying an additional 10,354 shares in the last quarter. Monterey Private Wealth Inc. acquired a new position in Nokia Oyj in the fourth quarter valued at $61,000. Crossmark Global Holdings Inc. grew its holdings in shares of Nokia Oyj by 1.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 379,055 shares of the technology company's stock worth $1,680,000 after purchasing an additional 4,943 shares during the last quarter. Ballentine Partners LLC grew its stake in Nokia Oyj by 7.0% during the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock worth $259,000 after buying an additional 3,808 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Nokia Oyj by 14.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 51,583 shares of the technology company's stock valued at $229,000 after acquiring an additional 6,683 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.
Nokia Oyj Company Profile
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Get Free ReportNokia 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.
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