Brokerages Set Nokia Oyj (NYSE:NOK) PT at $5.85

Nokia Oyj (NYSE:NOK) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.85.

A number of brokerages recently weighed in on NOK. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. StockNews.com cut Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Craig Hallum raised their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.63 on Friday. The company has a market capitalization of $25.22 billion, a P/E ratio of 18.50, a P/E/G ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.48. The business’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.66. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

Several hedge funds and other institutional investors have recently made changes to their positions in NOK. PEAK6 Investments LLC purchased a new stake in Nokia Oyj in the 3rd quarter valued at $45,000. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at about $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the fourth quarter worth about $46,000. Wedmont Private Capital acquired a new position in Nokia Oyj in the 4th quarter valued at about $47,000. Finally, Wealthstream Advisors Inc. purchased a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $49,000. 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.