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

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

A number of brokerages have commented on NOK. Danske upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $4.36 to $4.35 and set a "neutral" rating on the stock in a report on Monday, October 21st. Northland Securities reissued an "outperform" rating and set a $6.50 price objective on shares of Nokia Oyj in a report 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. Finally, Craig Hallum raised shares of Nokia Oyj from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th.

Nokia Oyj Price Performance

Shares of NYSE NOK traded up $0.04 during trading on Tuesday, reaching $4.71. The company had a trading volume of 11,970,435 shares, compared to its average volume of 15,776,264. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The business's 50 day moving average price is $4.43 and its 200-day moving average price is $4.04. The stock has a market cap of $25.90 billion, a PE ratio of 58.38, a PEG ratio of 6.15 and a beta of 1.12.

Institutional Investors Weigh In On Nokia Oyj

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nokia Oyj during the first quarter worth about $35,000. Capstone Investment Advisors LLC acquired a new stake in Nokia Oyj during the 1st quarter worth approximately $247,000. Choreo LLC boosted its holdings in shares of Nokia Oyj by 15.9% in the first quarter. Choreo LLC now owns 32,882 shares of the technology company's stock valued at $116,000 after buying an additional 4,515 shares during the period. Csenge Advisory Group increased its position in shares of Nokia Oyj by 49.2% during the first quarter. Csenge Advisory Group now owns 21,404 shares of the technology company's stock worth $76,000 after acquiring an additional 7,057 shares in the last quarter. Finally, Lesa Sroufe & Co raised its holdings in shares of Nokia Oyj by 3.5% during the first quarter. Lesa Sroufe & Co now owns 412,462 shares of the technology company's stock worth $1,460,000 after acquiring an additional 13,940 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

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.