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

Shares of Nokia Oyj (NYSE:NOK) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.42.

Several research analysts recently commented on NOK shares. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. BNP Paribas started coverage on Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating for the company. Finally, StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC bought a new position in shares of Nokia Oyj during the first quarter valued at $35,000. Valeo Financial Advisors LLC bought a new position in shares of Nokia Oyj in the first quarter valued at about $67,000. PFG Investments LLC bought a new position in shares of Nokia Oyj in the first quarter valued at about $187,000. Drive Wealth Management LLC bought a new position in shares of Nokia Oyj in the first quarter valued at about $48,000. Finally, Wealthstar Advisors LLC raised its holdings in shares of Nokia Oyj by 72.4% in the first quarter. Wealthstar Advisors LLC now owns 32,923 shares of the technology company’s stock valued at $117,000 after buying an additional 13,828 shares during the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock opened at $3.65 on Friday. The company’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.47. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.15 and a beta of 1.09. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. During the same period last year, the business earned $0.16 earnings per share. As a group, sell-side analysts expect that Nokia Oyj will post 0.38 EPS for the current year.

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.