Caprock Group LLC Takes $447,000 Position in Nokia Corporation $NOK

Caprock Group LLC bought a new stake in Nokia Corporation (NYSE:NOK) during the third quarter, Holdings Channel.com reports. The firm bought 93,009 shares of the technology company’s stock, valued at approximately $447,000.

Several other large investors have also recently bought and sold shares of NOK. FNY Investment Advisers LLC acquired a new position in shares of Nokia in the 2nd quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its position in shares of Nokia by 677.1% in the second quarter. First Horizon Advisors Inc. now owns 8,486 shares of the technology company’s stock worth $44,000 after buying an additional 7,394 shares during the period. Park National Corp OH purchased a new position in Nokia during the 3rd quarter valued at about $51,000. World Investment Advisors acquired a new stake in shares of Nokia during the second quarter worth approximately $54,000. Finally, EP Wealth Advisors LLC acquired a new position in Nokia in the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. New Street Research set a $6.57 price target on shares of Nokia in a report on Thursday, November 20th. Argus raised Nokia to a “hold” rating in a research note on Wednesday, February 11th. Jefferies Financial Group raised Nokia from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research note on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.01.

Nokia Stock Up 4.1%

Shares of Nokia stock opened at $7.32 on Wednesday. Nokia Corporation has a 12-month low of $4.00 and a 12-month high of $8.19. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $6.63 and a two-hundred day moving average price of $5.80. The stock has a market capitalization of $42.03 billion, a P/E ratio of 56.31, a PEG ratio of 2.57 and a beta of 0.81.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.