Nokia Corporation (NOK) Raised to “Neutral” at BNP Paribas

BNP Paribas upgraded shares of Nokia Corporation (NYSE:NOK) from an underperform rating to a neutral rating in a research report report published on Tuesday, MarketBeat reports.

Several other research analysts have also issued reports on the company. Argus lowered Nokia Corporation from a buy rating to a hold rating and upped their target price for the company from $4.76 to $4.91 in a research report on Monday, October 30th. Canaccord Genuity reduced their target price on Nokia Corporation from $7.00 to $5.50 and set a hold rating on the stock in a research report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a buy rating on shares of Nokia Corporation in a research report on Friday, October 27th. Vetr raised Nokia Corporation from a hold rating to a buy rating and set a $6.37 target price on the stock in a research report on Monday, September 25th. Finally, UBS AG reaffirmed a buy rating on shares of Nokia Corporation in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $5.75.

Nokia Corporation (NYSE NOK) opened at $4.91 on Tuesday. Nokia Corporation has a 1 year low of $4.04 and a 1 year high of $6.65. The stock has a market capitalization of $28,947.89, a PE ratio of 13.78, a P/E/G ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59.

Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. equities analysts predict that Nokia Corporation will post 0.33 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Nokia Corporation by 56.7% in the second quarter. Royal Bank of Canada now owns 1,852,037 shares of the technology company’s stock worth $11,408,000 after buying an additional 670,039 shares during the last quarter. AMG National Trust Bank boosted its stake in shares of Nokia Corporation by 5.1% in the second quarter. AMG National Trust Bank now owns 430,765 shares of the technology company’s stock worth $2,654,000 after buying an additional 20,955 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Nokia Corporation by 68.7% in the second quarter. Stifel Financial Corp now owns 181,890 shares of the technology company’s stock worth $1,121,000 after buying an additional 74,056 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Nokia Corporation by 53.3% in the second quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock worth $42,796,000 after buying an additional 2,414,440 shares during the last quarter. Finally, FMR LLC raised its holdings in Nokia Corporation by 2.5% in the 2nd quarter. FMR LLC now owns 2,995,663 shares of the technology company’s stock worth $18,453,000 after purchasing an additional 72,180 shares during the period. Hedge funds and other institutional investors own 5.87% of the company’s stock.

About Nokia Corporation

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Analyst Recommendations for Nokia Corporation (NYSE:NOK)

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