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

Shares of Nokia Oyj (NYSE:NOK) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $4.42.

Several research firms recently commented on NOK. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. BNP Paribas assumed coverage on Nokia Oyj in a research report on Friday, January 12th. They set a “neutral” rating on the stock. Finally, Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC raised its stake in Nokia Oyj by 13,524.2% during the 3rd quarter. Pzena Investment Management LLC now owns 42,791,256 shares of the technology company’s stock valued at $160,039,000 after purchasing an additional 42,477,173 shares during the period. Artisan Partners Limited Partnership raised its stake in Nokia Oyj by 10.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 101,681,755 shares of the technology company’s stock valued at $380,290,000 after purchasing an additional 9,908,461 shares during the period. Walleye Capital LLC bought a new stake in Nokia Oyj during the 3rd quarter valued at approximately $12,591,000. BNP Paribas Financial Markets increased its stake in Nokia Oyj by 379.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock worth $5,109,000 after acquiring an additional 1,182,184 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its stake in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after acquiring an additional 1,027,600 shares during the last quarter. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Down 0.8 %

NYSE NOK opened at $3.65 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36. The stock has a market cap of $20.56 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.14 and a beta of 1.09. The stock’s fifty day moving average price is $3.55 and its 200-day moving average price is $3.47.

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.