Polymer Capital Management US LLC Invests $264,000 in Nokia Oyj (NYSE:NOK)

Polymer Capital Management US LLC purchased a new position in Nokia Oyj (NYSE:NOK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,500 shares of the technology company's stock, valued at approximately $264,000.

Other large investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC purchased a new position in shares of Nokia Oyj during the 4th quarter worth approximately $45,000. D.A. Davidson & CO. bought a new position in Nokia Oyj in the fourth quarter worth $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj during the fourth quarter valued at $47,000. Wealthstream Advisors Inc. bought a new stake in shares of Nokia Oyj during the 4th quarter valued at $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nokia Oyj in the 4th quarter worth about $58,000. Institutional investors own 5.28% of the company's stock.

Wall Street Analysts Forecast Growth

NOK has been the topic of several research reports. StockNews.com lowered shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday, April 7th. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective for the company. in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, Craig Hallum raised their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.85.

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Nokia Oyj Stock Up 2.9 %

NOK stock traded up $0.14 during midday trading on Friday, hitting $4.96. The company's stock had a trading volume of 19,300,058 shares, compared to its average volume of 17,617,829. The company has a market cap of $27.03 billion, a PE ratio of 19.83, a P/E/G ratio of 6.43 and a beta of 0.97. The firm's 50-day moving average is $5.05 and its 200-day moving average is $4.68. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating 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, equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.