Shares of Nokia Oyj (NYSE:NOK) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.56.
A number of analysts have issued reports on the company. Canaccord Genuity cut their target price on Nokia Oyj from $7.00 to $5.50 and set a “hold” rating on the stock in a research report on Friday, October 27th. UBS reissued a “buy” rating on shares of Nokia Oyj in a research report on Wednesday, September 20th. Vetr lowered Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $6.37 target price on the stock. in a research report on Monday, September 18th. J P Morgan Chase & Co reissued a “buy” rating on shares of Nokia Oyj in a research report on Friday, October 27th. Finally, BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 21st.
Several institutional investors have recently bought and sold shares of NOK. Renaissance Technologies LLC increased its position in shares of Nokia Oyj by 705.5% during the second quarter. Renaissance Technologies LLC now owns 3,328,880 shares of the technology company’s stock worth $20,506,000 after acquiring an additional 2,915,600 shares during the period. Teachers Advisors LLC increased its position in shares of Nokia Oyj by 53.3% during the second quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock worth $42,796,000 after acquiring an additional 2,414,440 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Nokia Oyj during the second quarter worth $13,766,000. JPMorgan Chase & Co. increased its position in shares of Nokia Oyj by 4,241.3% during the second quarter. JPMorgan Chase & Co. now owns 2,223,920 shares of the technology company’s stock worth $13,699,000 after acquiring an additional 2,172,693 shares during the period. Finally, TCW Group Inc. increased its position in shares of Nokia Oyj by 30.8% during the third quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company’s stock worth $36,327,000 after acquiring an additional 1,429,672 shares during the period. 5.89% of the stock is currently owned by institutional investors and hedge funds.
Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Oyj had a positive return on equity of 9.88% and a negative net margin of 2.09%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. equities research analysts expect that Nokia Oyj will post 0.33 EPS for the current year.
Nokia Oyj Company Profile
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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