Nokia (NYSE:NOK) has earned an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.57.
Several analysts recently commented on NOK shares. Goldman Sachs reaffirmed a “neutral” rating on shares of Nokia in a report on Thursday, January 18th. Vetr downgraded shares of Nokia from a “strong-buy” rating to a “hold” rating and set a $5.54 price objective for the company. in a report on Monday, February 5th. Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Credit Suisse Group downgraded shares of Nokia from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $4.89 to $5.00 in a report on Friday, January 5th. Finally, Zacks Investment Research raised shares of Nokia from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th.
Shares of NOK stock traded down $0.01 during midday trading on Wednesday, hitting $5.92. 26,453,061 shares of the company were exchanged, compared to its average volume of 16,442,432. The company has a market capitalization of $33,169.57, a price-to-earnings ratio of 16.00, a PEG ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.56. Nokia has a 52 week low of $4.51 and a 52 week high of $6.65.
Nokia (NYSE:NOK) last announced its earnings results on Thursday, February 1st. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.41 billion. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. Nokia’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. sell-side analysts forecast that Nokia will post 0.31 EPS for the current year.
The company also recently announced a special dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, June 1st will be given a $0.2364 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 31st. Nokia’s payout ratio is presently 35.14%.
Several large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in shares of Nokia by 1.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 571,258 shares of the technology company’s stock valued at $2,662,000 after buying an additional 10,606 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Nokia by 6.7% in the 4th quarter. Bank of New York Mellon Corp now owns 194,923 shares of the technology company’s stock valued at $909,000 after buying an additional 12,233 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nokia by 48.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,379 shares of the technology company’s stock valued at $241,000 after buying an additional 13,259 shares in the last quarter. Paloma Partners Management Co raised its position in shares of Nokia by 192.8% in the 4th quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock valued at $146,000 after buying an additional 20,644 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Nokia by 40.0% in the 4th quarter. Guggenheim Capital LLC now owns 75,981 shares of the technology company’s stock valued at $354,000 after buying an additional 21,723 shares in the last quarter. Institutional investors own 6.67% of the company’s stock.
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Nokia Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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