Shares of Nokia Oyj (NYSE:NOK – Get Rating) have been assigned an average rating of “Buy” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.12.
A number of brokerages have commented on NOK. StockNews.com lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Societe Generale lowered their price target on shares of Nokia Oyj from €6.70 ($7.20) to €6.10 ($6.56) and set a “buy” rating for the company in a research report on Friday. TheStreet cut shares of Nokia Oyj from a “b-” rating to a “c” rating in a research note on Thursday. UBS Group cut their price target on Nokia Oyj from €6.20 ($6.67) to €5.80 ($6.24) and set a “buy” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group started coverage on Nokia Oyj in a report on Thursday, March 17th. They issued a “buy” rating for the company.
Shares of NYSE:NOK opened at $5.04 on Monday. Nokia Oyj has a 12 month low of $4.51 and a 12 month high of $6.40. The company’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.62. The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $28.40 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.16 and a beta of 0.80.
Nokia Oyj (NYSE:NOK – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The technology company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. Nokia Oyj had a net margin of 7.01% and a return on equity of 13.01%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Nokia Oyj will post 0.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd will be given a $0.021 dividend. The ex-dividend date of this dividend is Monday, May 2nd. This represents a $0.08 annualized dividend and a yield of 1.67%.
A number of hedge funds have recently made changes to their positions in NOK. Wealth Quarterback LLC grew its stake in Nokia Oyj by 25.8% during the third quarter. Wealth Quarterback LLC now owns 8,860 shares of the technology company’s stock worth $40,000 after buying an additional 1,816 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Nokia Oyj by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 135,256 shares of the technology company’s stock worth $737,000 after buying an additional 1,849 shares during the period. Clean Yield Group raised its position in shares of Nokia Oyj by 0.4% during the fourth quarter. Clean Yield Group now owns 527,740 shares of the technology company’s stock worth $3,283,000 after purchasing an additional 1,860 shares during the period. Truist Financial Corp grew its holdings in shares of Nokia Oyj by 2.4% during the third quarter. Truist Financial Corp now owns 80,006 shares of the technology company’s stock valued at $436,000 after buying an additional 1,893 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Nokia Oyj by 19.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,236 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,983 shares during the last quarter. Hedge funds and other institutional investors own 16.25% of the company’s stock.
About Nokia Oyj (Get Rating)
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks.
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