Nokia Oyj (NOK) Stock Rating Upgraded by ValuEngine

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Nokia Oyj (NYSE:NOK) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Several other research firms also recently commented on NOK. Zacks Investment Research downgraded Nokia Oyj from a “hold” rating to a “sell” rating in a research note on Friday, July 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia Oyj in a research note on Monday. Exane BNP Paribas raised Nokia Oyj from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 19th. Nordea Equity Research raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Finally, BNP Paribas raised Nokia Oyj from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 19th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.86.

NOK stock opened at $5.46 on Tuesday. 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 has a fifty-two week low of $4.51 and a fifty-two week high of $6.41. The stock has a market capitalization of $30.97 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.86 and a beta of 1.15.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $0.04 EPS for the quarter, hitting the 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. equities analysts predict that Nokia Oyj will post 0.26 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in NOK. Wells Fargo & Company MN grew its position in shares of Nokia Oyj by 3.5% during the first quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock worth $1,609,000 after purchasing an additional 9,947 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Nokia Oyj by 320.1% during the first quarter. Private Advisor Group LLC now owns 83,539 shares of the technology company’s stock worth $457,000 after purchasing an additional 63,653 shares in the last quarter. Northern Trust Corp grew its position in shares of Nokia Oyj by 15.6% during the first quarter. Northern Trust Corp now owns 5,565,144 shares of the technology company’s stock worth $30,441,000 after purchasing an additional 752,951 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of Nokia Oyj by 77.4% during the first quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock worth $141,000 after purchasing an additional 11,443 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Nokia Oyj by 4,196.3% during the first quarter. BlackRock Inc. now owns 85,925 shares of the technology company’s stock worth $470,000 after purchasing an additional 83,925 shares in the last quarter. Hedge funds and other institutional investors own 6.84% of the company’s stock.

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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