Nokia Oyj (NYSE:NOK) Sets New 12-Month High - Time to Buy?

Nokia Oyj (NYSE:NOK - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $5.35 and last traded at $5.37, with a volume of 77212 shares traded. The stock had previously closed at $5.33.

Analyst Ratings Changes

A number of research analysts have commented on NOK shares. Craig Hallum increased their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Stock Down 0.1 %

The company's 50-day simple moving average is $4.87 and its two-hundred day simple moving average is $4.58. The firm has a market cap of $29.03 billion, a PE ratio of 21.30, a PEG ratio of 6.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

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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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Nokia Oyj

Several large investors have recently added to or reduced their stakes in NOK. FMR LLC lifted its position in shares of Nokia Oyj by 62.3% in the 4th quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock worth $219,292,000 after purchasing an additional 19,004,399 shares during the period. Slate Path Capital LP lifted its holdings in Nokia Oyj by 15.6% in the fourth quarter. Slate Path Capital LP now owns 30,438,987 shares of the technology company's stock worth $134,845,000 after buying an additional 4,113,884 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Nokia Oyj by 179.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company's stock valued at $128,728,000 after acquiring an additional 18,660,482 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Nokia Oyj during the 4th quarter worth approximately $53,481,000. Finally, Woodline Partners LP raised its position in shares of Nokia Oyj by 125.4% in the 4th quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company's stock worth $53,162,000 after acquiring an additional 6,677,017 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

About Nokia Oyj

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.