Nokia Oyj (NYSE:NOK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Nokia Oyj (NYSE:NOK) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.85.

A number of analysts recently commented on the stock. 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 research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

Hedge Funds Weigh In On Nokia Oyj

Several institutional investors and hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC bought a new stake in Nokia Oyj in the 4th quarter worth $45,000. D.A. Davidson & CO. bought a new stake in Nokia Oyj in the 4th quarter worth $46,000. PEAK6 Investments LLC bought a new stake in Nokia Oyj in the 3rd quarter worth $45,000. Wedmont Private Capital bought a new stake in Nokia Oyj in the 4th quarter worth $47,000. Finally, Wealthstream Advisors Inc. purchased a new stake in shares of Nokia Oyj in the 4th quarter worth about $49,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 1.3 %

Shares of NOK stock opened at $5.23 on Monday. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.52. The company has a market capitalization of $28.49 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (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%. Research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal 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.