Nokia Oyj's (NOK) Outperform Rating Reaffirmed at Northland Securities

Nokia Oyj (NYSE:NOK - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Northland Securities in a research note issued to investors on Friday, Benzinga reports. They currently have a $6.50 target price on the technology company's stock. Northland Securities' price objective points to a potential upside of 36.99% from the stock's current price.

Separately, StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.54.

Nokia Oyj Trading Up 9.3 %

Shares of NOK traded up $0.41 during mid-day trading on Friday, reaching $4.75. 51,418,592 shares of the company's stock traded hands, compared to its average volume of 15,482,190. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. The stock has a market cap of $26.21 billion, a P/E ratio of 29.66, a P/E/G ratio of 5.47 and a beta of 1.12. The stock's 50-day moving average is $4.28 and its two-hundred day moving average is $3.93.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. Research analysts forecast that Nokia Oyj will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

Several large investors have recently modified their holdings of the business. Pzena Investment Management LLC increased its holdings in Nokia Oyj by 29.0% during the first quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company's stock valued at $238,912,000 after buying an additional 15,175,751 shares during the period. TSP Capital Management Group LLC increased its holdings in shares of Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company's stock valued at $7,715,000 after acquiring an additional 1,027,600 shares during the period. Russell Investments Group Ltd. raised its position in shares of Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company's stock worth $6,193,000 after acquiring an additional 867,297 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Nokia Oyj in the 2nd quarter worth $2,501,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Nokia Oyj during the 2nd quarter worth $1,240,000. 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.