Nokia Oyj (NYSE:NOK) PT Lowered to $4.35

Nokia Oyj (NYSE:NOK) had its price target lowered by JPMorgan Chase & Co. from $4.36 to $4.35 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 7.55% from the company’s current price.

A number of other brokerages also recently issued reports on NOK. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Northland Securities restated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a report on Friday, October 18th. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and an average target price of $4.56.

Nokia Oyj Stock Performance

Shares of NOK opened at $4.71 on Monday. The business has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $3.95. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 5.47 and a beta of 1.12. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.82. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13.

Institutional Trading of Nokia Oyj

A number of institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC raised its stake in shares of Nokia Oyj by 29.0% in the first quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock valued at $238,912,000 after acquiring an additional 15,175,751 shares during the period. TSP Capital Management Group LLC grew its holdings in Nokia Oyj by 89.2% during the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock valued at $7,715,000 after purchasing an additional 1,027,600 shares during the last quarter. Russell Investments Group Ltd. raised its position in Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after purchasing an additional 867,297 shares during the period. Bank of Montreal Can bought a new stake in Nokia Oyj in the second quarter worth about $2,501,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Nokia Oyj during the second quarter valued at approximately $1,240,000. 5.28% of the stock is currently owned by institutional investors.

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.