Brokerages Set Nokia Oyj (NYSE:NOK) PT at $4.56

Nokia Oyj (NYSE:NOK) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.56.

NOK has been the topic of several research reports. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Finally, Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nokia Oyj in the 1st quarter valued at about $35,000. Capstone Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the 1st quarter worth approximately $247,000. Choreo LLC increased its holdings in shares of Nokia Oyj by 15.9% in the 1st quarter. Choreo LLC now owns 32,882 shares of the technology company’s stock valued at $116,000 after acquiring an additional 4,515 shares during the last quarter. Csenge Advisory Group raised its position in shares of Nokia Oyj by 49.2% during the 1st quarter. Csenge Advisory Group now owns 21,404 shares of the technology company’s stock valued at $76,000 after acquiring an additional 7,057 shares in the last quarter. Finally, Lesa Sroufe & Co lifted its stake in 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 purchasing an additional 13,940 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Performance

NYSE NOK opened at $4.56 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.95. The firm has a market capitalization of $24.86 billion, a P/E ratio of 56.88, a P/E/G ratio of 5.92 and a beta of 1.12. The business’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.07.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $5.10 billion. Equities analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

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.