Shares of Nokia Oyj (NYSE:NOK) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.94.
NOK has been the subject of several research analyst reports. Santander raised Nokia Oyj from an “underweight” rating to a “buy” rating in a research note on Monday, July 1st. Zacks Investment Research raised IQE from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Goldman Sachs Group set a GBX 4,300 ($56.19) price target on ASOS and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Canaccord Genuity set a $107.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, April 26th.
Shares of NOK traded up $0.04 during mid-day trading on Friday, hitting $5.10. The company’s stock had a trading volume of 794,599 shares, compared to its average volume of 14,318,544. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 1.05. The business has a 50-day moving average of $5.05. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 18.89 and a beta of 0.25. Nokia Oyj has a 1-year low of $4.71 and a 1-year high of $6.65.
Several large investors have recently made changes to their positions in NOK. LPL Financial LLC grew its position in shares of Nokia Oyj by 48.1% in the fourth quarter. LPL Financial LLC now owns 102,086 shares of the technology company’s stock valued at $594,000 after purchasing an additional 33,153 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Nokia Oyj by 7.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 164,810 shares of the technology company’s stock valued at $959,000 after acquiring an additional 11,946 shares during the last quarter. BlackRock Inc. boosted its holdings in Nokia Oyj by 889.9% in the fourth quarter. BlackRock Inc. now owns 360,186 shares of the technology company’s stock valued at $2,096,000 after acquiring an additional 323,801 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Nokia Oyj by 3,408.1% in the fourth quarter. Bank of New York Mellon Corp now owns 4,177,677 shares of the technology company’s stock valued at $24,314,000 after acquiring an additional 4,058,589 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Nokia Oyj by 65.1% in the fourth quarter. Raymond James & Associates now owns 299,798 shares of the technology company’s stock valued at $1,745,000 after acquiring an additional 118,225 shares during the last quarter. 7.70% of the stock is owned by institutional investors and hedge funds.
Nokia Oyj Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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