Nokia Oyj (NOK) Given Average Rating of “Hold” by Brokerages

Nokia Oyj (NYSE:NOK) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.95.

NOK has been the subject of several analyst reports. ValuEngine upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Zacks Investment Research upgraded Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Wednesday, October 24th. DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Canaccord Genuity upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, BMO Capital Markets upgraded Nokia Oyj from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $5.00 to $7.50 in a research report on Thursday, January 3rd.

Institutional investors and hedge funds have recently modified their holdings of the stock. Selz Capital LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at approximately $6,402,000. Greylin Investment Mangement Inc. acquired a new position in Nokia Oyj during the 4th quarter worth approximately $259,000. Weybosset Research & Management LLC acquired a new position in Nokia Oyj during the 4th quarter worth approximately $66,000. Baird Financial Group Inc. acquired a new position in Nokia Oyj during the 3rd quarter worth approximately $445,000. Finally, Kirr Marbach & Co. LLC IN acquired a new position in Nokia Oyj during the 4th quarter worth approximately $7,142,000. Institutional investors and hedge funds own 6.59% of the company’s stock.

Shares of Nokia Oyj stock traded up $0.03 during trading on Tuesday, hitting $6.24. 29,397,473 shares of the company were exchanged, compared to its average volume of 29,335,605. The firm has a market capitalization of $34.97 billion, a P/E ratio of 23.11, a PEG ratio of 2.04 and a beta of 0.39. Nokia Oyj has a 1-year low of $5.07 and a 1-year high of $6.65. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, January 31st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.61 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. Research analysts anticipate that Nokia Oyj will post 0.3 EPS for the current fiscal year.

About Nokia Oyj

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.

Recommended Story: Book Value Of Equity Per Share – BVPS Explained

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.