Nokia Oyj (NYSE:NOK – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
NOK has been the topic of several other research reports. BNP Paribas assumed coverage on shares of Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Finally, Barclays lowered shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.42.
Check Out Our Latest Stock Report on Nokia Oyj
Nokia Oyj Stock Up 2.0 %
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 3.90% and a return on equity of 8.40%. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, analysts anticipate that Nokia Oyj will post 0.38 EPS for the current year.
Hedge Funds Weigh In On Nokia Oyj
A number of institutional investors have recently added to or reduced their stakes in the company. Wealthstar Advisors LLC increased its position in shares of Nokia Oyj by 72.4% in the 1st quarter. Wealthstar Advisors LLC now owns 32,923 shares of the technology company’s stock worth $117,000 after purchasing an additional 13,828 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Nokia Oyj by 22.0% in the 1st quarter. Sivia Capital Partners LLC now owns 17,678 shares of the technology company’s stock worth $63,000 after purchasing an additional 3,184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Nokia Oyj in the 1st quarter worth about $35,000. 180 Wealth Advisors LLC increased its position in shares of Nokia Oyj by 10.4% in the 1st quarter. 180 Wealth Advisors LLC now owns 62,290 shares of the technology company’s stock worth $221,000 after purchasing an additional 5,850 shares during the last quarter. Finally, DGS Capital Management LLC increased its position in shares of Nokia Oyj by 8.4% in the 1st quarter. DGS Capital Management LLC now owns 58,572 shares of the technology company’s stock worth $207,000 after purchasing an additional 4,544 shares during the last quarter. Institutional investors and hedge funds 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.
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