Nokia Oyj (NYSE:NOK) Receives $4.42 Consensus Price Target from Analysts

Nokia Oyj (NYSE:NOK) has earned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.42.

A number of research analysts have recently issued reports on NOK shares. BNP Paribas began coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating on the stock. Barclays cut shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th.

Nokia Oyj Stock Up 0.3 %

Shares of Nokia Oyj stock opened at $3.65 on Friday. The firm’s 50 day moving average price is $3.55 and its 200-day moving average price is $3.47. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.36. The company has a market cap of $20.56 billion, a P/E ratio of 22.81, a PEG ratio of 1.14 and a beta of 1.09.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts predict that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Institutional Trading of Nokia Oyj

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise increased its holdings in shares of Nokia Oyj by 48.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after purchasing an additional 3,000 shares in the last quarter. Capital Management Associates Inc purchased a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $34,000. Tieton Capital Management LLC purchased a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $34,000. Checchi Capital Advisers LLC purchased a new position in shares of Nokia Oyj during the 1st quarter valued at approximately $35,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $35,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Nokia Oyj

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.