Nokia Oyj (NOK) Receives $5.70 Consensus Price Target from Brokerages
Shares of Nokia Oyj (NYSE:NOK) have received a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.70.
Several brokerages have recently issued reports on NOK. ValuEngine cut Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Exane BNP Paribas upgraded Nokia Oyj from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 19th. BMO Capital Markets reiterated a “hold” rating and set a $5.00 price target on shares of Nokia Oyj in a research report on Thursday, July 26th. Zacks Investment Research cut Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. Finally, BNP Paribas upgraded Nokia Oyj from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 19th.
Shares of Nokia Oyj stock opened at $5.50 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.37. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.76 and a beta of 1.15. Nokia Oyj has a 1-year low of $4.51 and a 1-year high of $6.41.
Hedge funds have recently modified their holdings of the company. BB&T Securities LLC acquired a new position in shares of Nokia Oyj in the 2nd quarter worth $105,000. United Capital Financial Advisers LLC acquired a new position in shares of Nokia Oyj in the 1st quarter worth $107,000. OLD National Bancorp IN acquired a new position in shares of Nokia Oyj in the 2nd quarter worth $129,000. Cetera Advisor Networks LLC grew its holdings in shares of Nokia Oyj by 77.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock worth $141,000 after acquiring an additional 11,443 shares during the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of Nokia Oyj by 75.7% in the 1st quarter. Suntrust Banks Inc. now owns 31,580 shares of the technology company’s stock worth $171,000 after acquiring an additional 13,606 shares during the last quarter. Institutional investors own 6.84% of the company’s stock.
About Nokia Oyj
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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