StockNews.com Lowers Nokia Oyj (NYSE:NOK) to Buy

StockNews.com cut shares of Nokia Oyj (NYSE:NOK) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Several other research firms also recently commented on NOK. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Northland Securities reissued an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. cut their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nokia Oyj has an average rating of “Hold” and a consensus price target of $4.56.

Nokia Oyj Stock Down 0.6 %

NOK opened at $4.77 on Friday. The company has a market cap of $26.34 billion, a P/E ratio of 29.81, a P/E/G ratio of 6.07 and a beta of 1.12. The business’s 50-day moving average price is $4.36 and its 200-day moving average price is $3.98. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.82.

Institutional Trading of Nokia Oyj

Several large investors have recently bought and sold shares of NOK. Allspring Global Investments Holdings LLC bought a new stake in Nokia Oyj during the 1st quarter valued at approximately $35,000. GAMMA Investing LLC boosted its position in Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Nokia Oyj during the 1st quarter valued at approximately $38,000. Simplicity Wealth LLC bought a new stake in Nokia Oyj during the 2nd quarter valued at approximately $39,000. Finally, ORG Partners LLC bought a new stake in Nokia Oyj during the 1st quarter valued at approximately $40,000. 5.28% of the stock is owned by institutional investors.

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.