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

Shares of Nokia Corporation (NYSE:NOKGet Free Report) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.0140.

A number of equities analysts have issued reports on NOK shares. Citigroup reiterated a “sell” rating on shares of Nokia in a report on Friday, January 23rd. Santander raised shares of Nokia from a “neutral” rating to an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research note on Monday, December 22nd. Wall Street Zen cut shares of Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Argus raised shares of Nokia to a “hold” rating in a research note on Wednesday, February 11th.

Get Our Latest Report on Nokia

Nokia Stock Down 0.5%

Shares of NYSE:NOK opened at $8.32 on Friday. The firm has a market capitalization of $47.75 billion, a P/E ratio of 63.97, a P/E/G ratio of 2.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58. The stock has a 50 day moving average price of $7.28 and a 200-day moving average price of $6.35. Nokia has a 52-week low of $4.00 and a 52-week high of $8.82.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

Hedge Funds Weigh In On Nokia

Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Nokia by 60.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 30,518 shares of the technology company’s stock valued at $197,000 after buying an additional 11,446 shares during the last quarter. World Investment Advisors purchased a new position in Nokia in the 4th quarter worth approximately $134,000. Corient Private Wealth LLC lifted its position in Nokia by 41.8% in the 4th quarter. Corient Private Wealth LLC now owns 168,328 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 49,649 shares in the last quarter. Floyd Financial Group LLC bought a new position in Nokia in the 4th quarter valued at approximately $508,000. Finally, Virtu Financial LLC purchased a new stake in Nokia during the 4th quarter valued at $1,142,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Nokia (NYSE:NOK)

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