JPMorgan Chase & Co. Issues Pessimistic Forecast for Nokia Oyj (NYSE:NOK) Stock Price

Nokia Oyj (NYSE:NOK) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $6.35 to $6.30 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 25.87% from the stock’s current price.

Other research analysts have also recently issued reports about the company. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research report on Thursday, January 16th. Finally, Craig Hallum upped their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Trading Up 0.3 %

NYSE:NOK traded up $0.02 on Friday, reaching $5.01. The company’s stock had a trading volume of 9,444,326 shares, compared to its average volume of 18,802,707. 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 firm has a market cap of $27.29 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 6.38 and a beta of 1.06. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.06. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.43.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Trading of Nokia Oyj

Large investors have recently made changes to their positions in the company. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj during the 3rd quarter valued at approximately $44,000. PEAK6 Investments LLC purchased a new stake in Nokia Oyj during the 3rd quarter valued at approximately $45,000. Foundations Investment Advisors LLC purchased a new stake in Nokia Oyj during the 4th quarter valued at approximately $45,000. D.A. Davidson & CO. purchased a new stake in Nokia Oyj during the 4th quarter valued at approximately $46,000. Finally, Wedmont Private Capital purchased a new stake in Nokia Oyj during the 4th quarter valued at approximately $47,000. 5.28% of the stock is owned by institutional investors and hedge funds.

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.