Nokia Oyj (NYSE:NOK)‘s stock had its “buy” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Monday.

Other analysts have also issued reports about the company. Nordea Equity Research raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 target price on shares of Nokia Oyj in a research report on Thursday, July 26th. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Finally, Exane BNP Paribas raised Nokia Oyj from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.61.

Shares of NYSE NOK opened at $5.62 on Monday. Nokia Oyj has a 1 year low of $4.51 and a 1 year high of $6.41. The stock has a market cap of $30.97 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.37.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, July 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Nokia Oyj had a positive return on equity of 9.10% and a negative net margin of 4.56%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities research analysts anticipate that Nokia Oyj will post 0.26 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in NOK. Miller Howard Investments Inc. NY increased its holdings in Nokia Oyj by 2,240.6% in the second quarter. Miller Howard Investments Inc. NY now owns 9,611,936 shares of the technology company’s stock valued at $55,269,000 after buying an additional 9,201,275 shares during the last quarter. Natixis increased its holdings in Nokia Oyj by 584.2% in the second quarter. Natixis now owns 5,000,974 shares of the technology company’s stock valued at $28,756,000 after buying an additional 4,270,000 shares during the last quarter. Alkeon Capital Management LLC bought a new stake in Nokia Oyj in the first quarter valued at about $12,034,000. Wells Fargo & Company MN increased its holdings in Nokia Oyj by 528.5% in the second quarter. Wells Fargo & Company MN now owns 1,849,714 shares of the technology company’s stock valued at $10,636,000 after buying an additional 1,555,431 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in Nokia Oyj by 35.0% in the second quarter. Tocqueville Asset Management L.P. now owns 4,681,323 shares of the technology company’s stock valued at $26,918,000 after buying an additional 1,212,497 shares during the last quarter. 6.84% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Analyst Recommendations for Nokia Oyj (NYSE:NOK)

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