Nokia Oyj (NYSE:NOK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nokia Oyj (NYSE:NOK) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.86.

A number of analysts have recently issued reports on NOK shares. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $4.35 to $6.35 in a report on Monday, December 9th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Hedge Funds Weigh In On Nokia Oyj

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Five Oceans Advisors raised its position in shares of Nokia Oyj by 11.1% during the fourth quarter. Five Oceans Advisors now owns 38,582 shares of the technology company’s stock worth $171,000 after acquiring an additional 3,853 shares during the last quarter. Caprock Group LLC raised its holdings in Nokia Oyj by 41.3% during the 4th quarter. Caprock Group LLC now owns 81,622 shares of the technology company’s stock worth $362,000 after purchasing an additional 23,856 shares during the last quarter. First Affirmative Financial Network lifted its position in shares of Nokia Oyj by 9.5% in the 4th quarter. First Affirmative Financial Network now owns 46,496 shares of the technology company’s stock worth $206,000 after purchasing an additional 4,028 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of Nokia Oyj in the 4th quarter valued at $45,000. Finally, Blue Trust Inc. increased its position in shares of Nokia Oyj by 74.7% during the fourth quarter. Blue Trust Inc. now owns 83,987 shares of the technology company’s stock worth $367,000 after buying an additional 35,925 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Performance

Shares of NYSE NOK opened at $4.51 on Friday. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $4.95. The stock has a 50 day moving average of $4.41 and a 200-day moving average of $4.30. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $24.56 billion, a P/E ratio of 56.31, a P/E/G ratio of 5.72 and a beta of 1.06.

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.