By otakuyassine3@gmail.com 
Shares of Nokia Oyj (NYSE:NOK – Get Free Report) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.43.
Several brokerages recently issued reports on NOK. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 25th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th.
Check Out Our Latest Analysis on Nokia Oyj
Nokia Oyj Price Performance
Shares of NOK stock opened at $4.43 on Wednesday. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 5.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The stock’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.21. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $4.95.
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. As a group, equities analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.
Institutional Trading of Nokia Oyj
Several institutional investors have recently modified their holdings of the stock. Maverick Capital Ltd. purchased a new position in Nokia Oyj in the 2nd quarter valued at about $1,240,000. FMR LLC boosted its stake in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after acquiring an additional 27,755,460 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Nokia Oyj during the third quarter worth approximately $1,417,000. QRG Capital Management Inc. lifted its holdings in Nokia Oyj by 92.8% in the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after purchasing an additional 255,893 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Nokia Oyj by 1,101.8% during the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock worth $786,000 after purchasing an additional 164,883 shares during the last quarter. Institutional investors and hedge funds 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.
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