Nokia Oyj (NYSE:NOK – Get Rating) was upgraded by investment analysts at AlphaValue to a “buy” rating in a report released on Friday, The Fly reports.
Several other research firms have also commented on NOK. StockNews.com lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Jefferies Financial Group started coverage on shares of Nokia Oyj in a research report on Thursday, March 17th. They set a “buy” rating for the company. Societe Generale lowered their price target on shares of Nokia Oyj from €6.70 ($7.05) to €6.10 ($6.42) and set a “buy” rating for the company in a research report on Friday, April 29th. TheStreet lowered shares of Nokia Oyj from a “b-” rating to a “c” rating in a research report on Thursday, April 28th. Finally, Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a research report on Monday, February 7th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $6.95.
NOK stock opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.58 and a quick ratio of 1.36. Nokia Oyj has a 1-year low of $4.51 and a 1-year high of $6.40. The firm has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $5.57. The firm has a market cap of $26.32 billion, a price-to-earnings ratio of 14.59 and a beta of 0.81.
Nokia Oyj (NYSE:NOK – Get Rating) last released its earnings results on Thursday, April 28th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Nokia Oyj had a net margin of 7.01% and a return on equity of 12.81%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that Nokia Oyj will post 0.42 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. TSP Capital Management Group LLC lifted its holdings in Nokia Oyj by 1.5% in the 1st quarter. TSP Capital Management Group LLC now owns 2,140,477 shares of the technology company’s stock valued at $11,687,000 after acquiring an additional 31,900 shares during the last quarter. Moreno Evelyn V acquired a new stake in Nokia Oyj in the 1st quarter valued at about $61,000. Alterna Wealth Management Inc. lifted its holdings in Nokia Oyj by 19.3% in the 1st quarter. Alterna Wealth Management Inc. now owns 51,151 shares of the technology company’s stock valued at $279,000 after acquiring an additional 8,261 shares during the last quarter. BlackRock Inc. lifted its holdings in Nokia Oyj by 18.9% in the 1st quarter. BlackRock Inc. now owns 4,795,249 shares of the technology company’s stock valued at $26,183,000 after acquiring an additional 763,930 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in Nokia Oyj by 169.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 58,209 shares of the technology company’s stock valued at $318,000 after acquiring an additional 36,569 shares during the last quarter. 16.25% of the stock is owned by institutional investors.
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.
See Also
Receive News & Ratings for Nokia Oyj Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nokia Oyj and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: https://www.defenseworld.net/2022/05/13/nokia-oyj-nysenok-upgraded-by-alphavalue-to-buy.html
