West Family Investments Inc. Acquires New Position in Nokia Oyj (NYSE:NOK)

West Family Investments Inc. bought a new position in shares of Nokia Oyj (NYSE:NOK) in the third quarter, Holdings Channel reports. The firm bought 26,332 shares of the technology company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pzena Investment Management LLC boosted its position in shares of Nokia Oyj by 22.3% in the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after purchasing an additional 15,035,360 shares during the last quarter. American Century Companies Inc. boosted its holdings in Nokia Oyj by 10.6% during the second quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock worth $3,787,000 after buying an additional 96,144 shares during the last quarter. Clean Yield Group grew its position in shares of Nokia Oyj by 3.6% during the 1st quarter. Clean Yield Group now owns 918,980 shares of the technology company’s stock worth $3,253,000 after buying an additional 32,215 shares during the period. Waterfront Wealth Inc. increased its stake in shares of Nokia Oyj by 10.3% in the 2nd quarter. Waterfront Wealth Inc. now owns 761,780 shares of the technology company’s stock valued at $2,880,000 after acquiring an additional 71,022 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Nokia Oyj in the 2nd quarter valued at approximately $2,501,000. Institutional investors own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NOK shares. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 26th. JPMorgan Chase & Co. cut their price objective on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.56.

Nokia Oyj Trading Up 2.2 %

NYSE NOK opened at $4.24 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 5.77 and a beta of 1.12. The stock’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $4.11.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $5.10 billion. As a group, analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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.