Nokia Oyj (NYSE:NOK) Receives $5.85 Average Target Price from Brokerages

Shares of Nokia Oyj (NYSE:NOKGet Free Report) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.85.

NOK has been the subject of several research analyst reports. Craig Hallum increased their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday, February 21st.

View Our Latest Report on Nokia Oyj

Institutional Investors Weigh In On Nokia Oyj

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Nokia Oyj by 29.9% during the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock worth $3,060,000 after purchasing an additional 158,935 shares in the last quarter. FMR LLC boosted its position in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after acquiring an additional 27,755,460 shares during the period. XTX Topco Ltd bought a new position in Nokia Oyj in the 3rd quarter valued at $1,417,000. Allspring Global Investments Holdings LLC grew its position in Nokia Oyj by 14.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after buying an additional 6,395 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in shares of Nokia Oyj by 261.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock valued at $457,000 after acquiring an additional 74,552 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Up 2.6 %

Shares of NYSE:NOK opened at $5.34 on Monday. The business has a fifty day simple moving average of $4.81 and a 200 day simple moving average of $4.55. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.35. The firm has a market cap of $29.09 billion, a P/E ratio of 21.34, a P/E/G ratio of 6.43 and a beta of 1.11. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOKGet Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts predict that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj Company Profile

(Get Free Report

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.

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