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

Shares of Nokia Oyj (NYSE:NOK) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.42.

Several research firms have commented on NOK. JPMorgan Chase & Co. reduced their price objective on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.

Hedge Funds Weigh In On Nokia Oyj

Large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise raised its holdings in Nokia Oyj by 48.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after purchasing an additional 3,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Nokia Oyj in the 1st quarter worth about $35,000. Capital Management Associates Inc acquired a new position in Nokia Oyj in the 4th quarter worth about $34,000. Tieton Capital Management LLC acquired a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $34,000. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Nokia Oyj during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Down 2.2 %

Shares of NOK stock opened at $3.63 on Friday. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.57. The company has a market cap of $20.05 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.19 billion. Research analysts predict that Nokia Oyj will post 0.37 earnings per share for the current year.

Nokia Oyj Company Profile

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.