Nokia Oyj (NOK) Receives Average Recommendation of “Hold” from Analysts

Shares of Nokia Oyj (NYSE:NOK) have received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $5.66.

NOK has been the subject of several recent research reports. Vetr cut Nokia Oyj from a “strong-buy” rating to a “buy” rating and set a $5.54 price objective for the company. in a research note on Monday, January 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of Nokia Oyj in a research note on Friday, October 27th. MKM Partners upgraded Nokia Oyj from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.50 to $7.50 in a research note on Friday, February 2nd. Bank of America upgraded Nokia Oyj from a “neutral” rating to a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday.

A number of hedge funds have recently bought and sold shares of NOK. Royal Bank of Canada lifted its stake in Nokia Oyj by 56.7% in the second quarter. Royal Bank of Canada now owns 1,852,037 shares of the technology company’s stock valued at $11,408,000 after buying an additional 670,039 shares during the last quarter. Lenox Wealth Management Inc. lifted its stake in Nokia Oyj by 35.5% in the third quarter. Lenox Wealth Management Inc. now owns 129,663 shares of the technology company’s stock valued at $775,000 after buying an additional 33,987 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Nokia Oyj by 272.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 199,826 shares of the technology company’s stock valued at $1,195,000 after buying an additional 146,152 shares during the last quarter. Stifel Financial Corp lifted its stake in Nokia Oyj by 68.7% in the second quarter. Stifel Financial Corp now owns 181,890 shares of the technology company’s stock valued at $1,121,000 after buying an additional 74,056 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Nokia Oyj in the third quarter valued at approximately $3,353,000. Hedge funds and other institutional investors own 5.84% of the company’s stock.

Shares of Nokia Oyj (NOK) traded up $0.01 on Friday, hitting $5.53. The stock had a trading volume of 21,100,000 shares, compared to its average volume of 18,090,000. The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The stock has a market cap of $31,840.00, a PE ratio of -17.28, a PEG ratio of 1.92 and a beta of 1.31. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Nokia Oyj had a positive return on equity of 10.80% and a negative net margin of 6.37%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. research analysts forecast that Nokia Oyj will post 0.29 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/14/nokia-oyj-nok-receives-average-recommendation-of-hold-from-analysts.html.

About Nokia Oyj

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Analyst Recommendations for Nokia Oyj (NYSE:NOK)

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.

Leave a Reply