Nokia Oyj (NYSE:NOK) Given Average Rating of “Hold” by Brokerages

Nokia Oyj (NYSE:NOK) has been given an average rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.42.

A number of research firms have recently commented on NOK. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th.

Nokia Oyj Trading Up 0.7 %

NYSE NOK opened at $3.69 on Friday. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36. The company has a 50-day moving average of $3.74 and a 200-day moving average of $3.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. The company has a market cap of $20.35 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.19 and a beta of 1.10.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.19 billion. As a group, equities analysts predict that Nokia Oyj will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Nokia Oyj

A number of institutional investors and hedge funds have recently bought and sold shares of NOK. Pzena Investment Management LLC boosted its holdings in Nokia Oyj by 29.0% in the 1st quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock worth $238,912,000 after acquiring an additional 15,175,751 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Nokia Oyj by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock worth $365,152,000 after acquiring an additional 5,087,927 shares during the period. Walleye Capital LLC purchased a new position in Nokia Oyj in the 3rd quarter worth approximately $12,591,000. BNP Paribas Financial Markets boosted its holdings in Nokia Oyj by 379.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock worth $5,109,000 after acquiring an additional 1,182,184 shares during the period. Finally, TSP Capital Management Group LLC boosted its holdings in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after acquiring an additional 1,027,600 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

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.