Nokia Oyj (NYSE:NOK) Raised to Strong-Buy at StockNews.com

Nokia Oyj (NYSE:NOK) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other brokerages have also weighed in on NOK. Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $4.35 to $6.35 in a research note on Monday, December 9th. Finally, Northland Securities restated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Stock Down 3.9 %

NOK stock opened at $4.51 on Thursday. The business’s 50 day simple moving average is $4.41 and its 200 day simple moving average is $4.30. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $4.95. The firm has a market capitalization of $24.56 billion, a PE ratio of 56.31, a PEG ratio of 5.72 and a beta of 1.06. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Nokia Oyj

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in Nokia Oyj by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock worth $3,787,000 after purchasing an additional 96,144 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Nokia Oyj by 3.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 170,261 shares of the technology company’s stock valued at $644,000 after purchasing an additional 5,246 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Nokia Oyj by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,165 shares of the technology company’s stock worth $101,000 after buying an additional 3,647 shares during the period. Profund Advisors LLC raised its position in shares of Nokia Oyj by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock worth $438,000 after acquiring an additional 3,349 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Nokia Oyj in the second quarter worth approximately $2,501,000. 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.