Nokia Oyj (NYSE:NOK – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
A number of other analysts have also issued reports on NOK. Raymond James lowered their price target on Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Friday, April 21st. UBS Group lowered Nokia Oyj from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st. Finally, TheStreet upgraded Nokia Oyj from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nokia Oyj presently has an average rating of “Moderate Buy” and an average target price of $5.73.
Nokia Oyj Stock Down 2.2 %
Shares of NYSE:NOK opened at $3.94 on Thursday. Nokia Oyj has a 1 year low of $3.93 and a 1 year high of $5.28. The business has a 50 day simple moving average of $4.42 and a two-hundred day simple moving average of $4.63. The firm has a market capitalization of $22.19 billion, a PE ratio of 4.99, a price-to-earnings-growth ratio of 5.26 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.55 and a quick ratio of 1.28.
Hedge Funds Weigh In On Nokia Oyj
Several hedge funds have recently made changes to their positions in the company. Ronald Blue Trust Inc. increased its holdings in Nokia Oyj by 10.5% in the 1st quarter. Ronald Blue Trust Inc. now owns 22,450 shares of the technology company’s stock valued at $104,000 after purchasing an additional 2,130 shares during the last quarter. Alterna Wealth Management Inc. lifted its position in shares of Nokia Oyj by 5.5% during the 3rd quarter. Alterna Wealth Management Inc. now owns 43,190 shares of the technology company’s stock worth $184,000 after purchasing an additional 2,268 shares during the last quarter. AE Wealth Management LLC lifted its position in Nokia Oyj by 4.7% in the fourth quarter. AE Wealth Management LLC now owns 52,064 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,333 shares during the last quarter. Franklin Resources Inc. lifted its position in Nokia Oyj by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 47,908 shares of the technology company’s stock valued at $222,000 after acquiring an additional 2,444 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in Nokia Oyj by 7.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 36,608 shares of the technology company’s stock valued at $180,000 after purchasing an additional 2,608 shares during the period. 7.57% of the stock is owned by institutional investors and hedge funds.
About Nokia Oyj
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
- Get a free copy of the StockNews.com research report on Nokia Oyj (NOK)
- Toll Brothers Rises On Results, But The Roof Is In Place
- It’s Time To Try On VF Corporation’s 6% Yield
- PetCo Management Getting it Right? Earnings Beat Says Yes
- Axcelis Stock In Buy Range After Chart Breakout, Strong Guidance
- Kohl’s 10% Yield Comes Into High Fashion
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.