Nokia Oyj (NYSE:NOK) Upgraded at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Several other research firms also recently commented on NOK. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Finally, Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.43.

Nokia Oyj Trading Up 0.2 %

Shares of NYSE:NOK opened at $4.48 on Wednesday. The company’s 50-day moving average price is $4.47 and its two-hundred day moving average price is $4.20. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The stock has a market capitalization of $24.43 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 5.80 and a beta of 1.08.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, equities analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Trading of Nokia Oyj

Several hedge funds and other institutional investors have recently modified their holdings of NOK. JPMorgan Chase & Co. lifted its position in Nokia Oyj by 2,505.3% during the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after acquiring an additional 702,279 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Nokia Oyj by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock worth $1,935,000 after purchasing an additional 5,190 shares during the last quarter. Tidal Investments LLC boosted its stake in Nokia Oyj by 15.3% in the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company’s stock valued at $230,000 after purchasing an additional 6,965 shares during the period. M&T Bank Corp grew its holdings in Nokia Oyj by 10.6% in the 3rd quarter. M&T Bank Corp now owns 67,275 shares of the technology company’s stock valued at $294,000 after buying an additional 6,463 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new position in Nokia Oyj during the 3rd quarter worth $149,000. Institutional investors own 5.28% of the company’s stock.

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.