Nokia Oyj (NYSE:NOK) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.

Nokia Oyj Stock Up 1.6 %

Shares of NOK stock opened at $4.69 on Thursday. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The business’s fifty day moving average is $4.41 and its 200-day moving average is $4.30. The stock has a market cap of $25.55 billion, a PE ratio of 58.58, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06.

Institutional Trading of Nokia Oyj

Large investors have recently added to or reduced their stakes in the company. Caprock Group LLC grew its holdings in shares of Nokia Oyj by 41.3% during the fourth quarter. Caprock Group LLC now owns 81,622 shares of the technology company’s stock valued at $362,000 after buying an additional 23,856 shares in the last quarter. First Affirmative Financial Network increased its holdings in shares of Nokia Oyj by 9.5% in the 4th quarter. First Affirmative Financial Network now owns 46,496 shares of the technology company’s stock valued at $206,000 after purchasing an additional 4,028 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter worth approximately $45,000. Blue Trust Inc. boosted its holdings in shares of Nokia Oyj by 74.7% during the fourth quarter. Blue Trust Inc. now owns 83,987 shares of the technology company’s stock worth $367,000 after purchasing an additional 35,925 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. grew its position in Nokia Oyj by 23.1% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 21,320 shares of the technology company’s stock valued at $95,000 after purchasing an additional 4,000 shares in the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

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.