Nokia Oyj (NYSE:NOK) Lifted to Buy at StockNews.com


Nokia Oyj (NYSE:NOK – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other research analysts have also weighed in on NOK. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a research note on Monday, February 7th. Jefferies Financial Group assumed coverage on Nokia Oyj in a report on Thursday, March 17th. They set a “buy” rating for the company. TheStreet lowered Nokia Oyj from a “b-” rating to a “c” rating in a report on Thursday, April 28th. Societe Generale reduced their price target on Nokia Oyj from €6.70 ($7.05) to €6.10 ($6.42) and set a “buy” rating for the company in a report on Friday, April 29th. Finally, AlphaValue raised shares of Nokia Oyj to a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.95.

NOK opened at $4.88 on Friday. The business’s 50 day moving average is $5.18 and its 200-day moving average is $5.56. The stock has a market cap of $27.50 billion, a PE ratio of 15.25 and a beta of 0.81. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.40.

Nokia Oyj (NYSE:NOK – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Nokia Oyj had a return on equity of 12.81% and a net margin of 7.01%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Nokia Oyj will post 0.42 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in Nokia Oyj by 9.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 40,918,648 shares of the technology company’s stock valued at $223,416,000 after buying an additional 3,569,621 shares during the last quarter. NewEdge Advisors LLC boosted its position in Nokia Oyj by 171.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,493 shares of the technology company’s stock valued at $183,000 after buying an additional 21,146 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Nokia Oyj by 44.9% during the first quarter. Sequoia Financial Advisors LLC now owns 62,728 shares of the technology company’s stock worth $343,000 after buying an additional 19,430 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Nokia Oyj during the first quarter worth approximately $203,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Nokia Oyj during the first quarter worth approximately $55,000. 16.25% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Company Profile (Get Rating)

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks.

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Analyst Recommendations for Nokia Oyj (NYSE:NOK)



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