Nokia Oyj (NYSE:NOK) Given Consensus Rating of “Hold” by Analysts

Nokia Oyj (NYSE:NOK) has received a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.54.

NOK has been the topic of several analyst reports. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective (up previously from $6.00) on shares of Nokia Oyj in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On Nokia Oyj

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after purchasing an additional 3,427 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in Nokia Oyj by 48.2% in the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after purchasing an additional 3,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Nokia Oyj during the 1st quarter worth $35,000. JGP Wealth Management LLC bought a new stake in Nokia Oyj during the third quarter worth about $45,000. Finally, Simplicity Wealth LLC purchased a new stake in Nokia Oyj in the second quarter worth approximately $39,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Down 2.6 %

NYSE:NOK opened at $4.35 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. Nokia Oyj has a one year low of $2.94 and a one year high of $4.52. The company has a market cap of $24.00 billion, a PE ratio of 27.16, a PEG ratio of 5.47 and a beta of 1.12. The firm has a 50-day moving average of $4.26 and a 200-day moving average of $3.92.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. As a group, equities research analysts expect that Nokia Oyj will post 0.36 EPS 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.