Nokia Oyj (NYSE:NOK) Upgraded at Craig Hallum

Nokia Oyj (NYSE:NOK - Get Free Report) was upgraded by equities research analysts at Craig Hallum from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday, Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. StockNews.com upgraded Nokia Oyj from a "buy" rating to a "strong-buy" rating in a report on Friday. Danske upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Northland Securities reiterated an "outperform" rating and issued a $6.50 price target on shares of Nokia Oyj in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.54.

Nokia Oyj Stock Up 9.4 %

Shares of NYSE NOK traded up $0.41 during midday trading on Thursday, hitting $4.75. The company's stock had a trading volume of 51,422,770 shares, compared to its average volume of 15,482,190. 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 firm has a market capitalization of $26.23 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 5.47 and a beta of 1.12. The business's fifty day simple moving average is $4.28 and its two-hundred day simple moving average is $3.93. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.78.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. On average, equities analysts predict that Nokia Oyj will post 0.36 EPS for the current year.

Institutional Trading of Nokia Oyj

Several institutional investors have recently modified their holdings of NOK. Allspring Global Investments Holdings LLC raised its stake in Nokia Oyj by 29.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 44,033 shares of the technology company's stock worth $192,000 after acquiring an additional 10,117 shares in the last quarter. Vest Financial LLC purchased a new position in shares of Nokia Oyj during the third quarter worth about $94,000. Blue Trust Inc. increased its position in shares of Nokia Oyj by 227.5% during the third quarter. Blue Trust Inc. now owns 48,062 shares of the technology company's stock worth $210,000 after purchasing an additional 33,386 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of Nokia Oyj by 190.6% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 44,900 shares of the technology company's stock valued at $196,000 after purchasing an additional 29,448 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Nokia Oyj by 30.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company's stock valued at $59,000 after purchasing an additional 3,199 shares during the period. Hedge funds and other institutional investors 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.