Nokia Oyj (NYSE:NOK) Upgraded at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a hold rating to a buy rating in a report published on Tuesday.

NOK has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. Craig Hallum lifted their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $5.15 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $4.69. Nokia Oyj has a 1-year low of $3.30 and a 1-year high of $5.48. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in Nokia Oyj by 62.3% in the 4th quarter. FMR LLC now owns 49,501,674 shares of the technology company’s stock worth $219,292,000 after buying an additional 19,004,399 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nokia Oyj by 179.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company’s stock worth $128,728,000 after acquiring an additional 18,660,482 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Nokia Oyj in the fourth quarter worth $53,481,000. Freestone Grove Partners LP purchased a new stake in Nokia Oyj during the fourth quarter valued at about $33,348,000. Finally, Woodline Partners LP lifted its stake in Nokia Oyj by 125.4% during the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company’s stock worth $53,162,000 after purchasing an additional 6,677,017 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors.

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.