Nokia Corporation (NYSE:NOK) Given Average Recommendation of “Moderate Buy” by Brokerages

Nokia Corporation (NYSE:NOKGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.0140.

NOK has been the subject of several recent research reports. Jefferies Financial Group raised Nokia from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. New Street Research set a $6.57 price target on shares of Nokia in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Monday, December 22nd. Finally, UBS Group reissued a “neutral” rating on shares of Nokia in a research report on Tuesday, October 28th.

Read Our Latest Report on NOK

More Nokia News

Here are the key news stories impacting Nokia this week:

Nokia Price Performance

NOK opened at $7.77 on Monday. The stock has a fifty day moving average price of $6.71 and a 200 day moving average price of $5.87. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. Nokia has a 1 year low of $4.00 and a 1 year high of $8.19. The stock has a market cap of $44.61 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 2.84 and a beta of 0.81.

Institutional Investors Weigh In On Nokia

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOK. Compound Planning Inc. grew its holdings in Nokia by 21.8% during the fourth quarter. Compound Planning Inc. now owns 55,871 shares of the technology company’s stock valued at $361,000 after purchasing an additional 9,986 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Nokia by 18.7% during the 4th quarter. Invesco Ltd. now owns 68,602 shares of the technology company’s stock worth $444,000 after buying an additional 10,789 shares during the period. Corient Private Wealth LLC grew its stake in Nokia by 42.4% in the 4th quarter. Corient Private Wealth LLC now owns 169,017 shares of the technology company’s stock valued at $1,088,000 after buying an additional 50,338 shares during the last quarter. Vident Advisory LLC raised its holdings in Nokia by 11.8% in the 4th quarter. Vident Advisory LLC now owns 271,634 shares of the technology company’s stock worth $1,757,000 after acquiring an additional 28,696 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Nokia during the 4th quarter worth $93,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Nokia (NYSE:NOK)

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