Nokia Oyj (NYSE:NOK) Receives Consensus Rating of “Hold” from Analysts

Nokia Oyj (NYSE:NOK) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.54.

Several brokerages recently weighed in on NOK. Northland Securities restated an “outperform” rating and set a $6.50 price objective (up from $6.00) on shares of Nokia Oyj in a research report on Wednesday, September 4th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Nokia Oyj Price Performance

Shares of NYSE:NOK opened at $4.28 on Monday. The firm has a 50 day moving average of $4.04 and a 200-day moving average of $3.82. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.52. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $23.64 billion, a PE ratio of 26.75, a PEG ratio of 5.13 and a beta of 1.12.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. On average, equities research analysts predict that Nokia Oyj will post 0.36 EPS for the current fiscal year.

Institutional Trading of Nokia Oyj

A number of hedge funds have recently made changes to their positions in NOK. Truist Financial Corp increased its stake in shares of Nokia Oyj by 15.7% in the second quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock valued at $76,000 after buying an additional 2,710 shares during the period. Assetmark Inc. raised its stake in shares of Nokia Oyj by 8.6% during the fourth quarter. Assetmark Inc. now owns 35,092 shares of the technology company’s stock valued at $120,000 after acquiring an additional 2,788 shares during the last quarter. First Affirmative Financial Network lifted its holdings in shares of Nokia Oyj by 10.3% during the first quarter. First Affirmative Financial Network now owns 31,351 shares of the technology company’s stock worth $111,000 after purchasing an additional 2,932 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of Nokia Oyj by 48.2% in the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after purchasing an additional 3,000 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Nokia Oyj by 3.9% in the second quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after purchasing an additional 3,097 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

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.