Citigroup Reaffirms “Neutral” Rating for Nokia Oyj (NOK)
Other equities research analysts have also recently issued reports about the company. Vetr cut Nokia Oyj from a strong-buy rating to a hold rating and set a $5.54 price target for the company. in a research note on Monday, February 5th. Goldman Sachs Group reiterated a neutral rating on shares of Nokia Oyj in a research note on Thursday, January 18th. Credit Suisse Group cut Nokia Oyj from an outperform rating to a neutral rating and increased their price target for the company from $4.89 to $5.00 in a research note on Friday, January 5th. Canaccord Genuity reiterated a hold rating and issued a $6.00 price target on shares of Nokia Oyj in a research note on Thursday, February 1st. Finally, Zacks Investment Research upgraded Nokia Oyj from a sell rating to a hold rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.54.
Nokia Oyj (NYSE:NOK) traded up $0.01 during trading on Friday, reaching $5.77. The company’s stock had a trading volume of 11,248,865 shares, compared to its average volume of 22,250,000. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.55. Nokia Oyj has a 52 week low of $4.51 and a 52 week high of $6.65. The stock has a market capitalization of $32,250.00, a PE ratio of -18.03, a PEG ratio of 2.52 and a beta of 1.05.
Several large investors have recently made changes to their positions in NOK. Centaurus Financial Inc. purchased a new position in shares of Nokia Oyj in the fourth quarter worth about $102,000. Tiedemann Wealth Management LLC purchased a new position in shares of Nokia Oyj in the third quarter worth about $114,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Nokia Oyj in the fourth quarter worth about $116,000. Strategic Global Advisors LLC purchased a new position in shares of Nokia Oyj in the third quarter worth about $143,000. Finally, Paloma Partners Management Co raised its stake in shares of Nokia Oyj by 192.8% in the fourth quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock worth $146,000 after purchasing an additional 20,644 shares during the last quarter. Hedge funds and other institutional investors own 6.92% of the company’s stock.
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About Nokia Oyj
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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