Nokia Oyj (NYSE:NOK) Stock Rating Lowered by StockNews.com

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

Several other research analysts also recently weighed in on the stock. Craig Hallum upped their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $4.35 to $6.35 in a research note on Monday, December 9th. The Goldman Sachs Group cut 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. Finally, Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, Nokia Oyj has an average rating of “Moderate Buy” and an average target price of $5.86.

Nokia Oyj Stock Up 1.8 %

NYSE NOK opened at $4.71 on Monday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $25.65 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 5.81 and a beta of 1.06. The stock’s 50-day moving average price is $4.45 and its 200-day moving average price is $4.34.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, equities research analysts predict that Nokia Oyj will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Nokia Oyj

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj during the third quarter valued at $44,000. JGP Wealth Management LLC bought a new position in Nokia Oyj during the third quarter valued at $45,000. PEAK6 Investments LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter worth $45,000. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Nokia Oyj in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

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.