A number of other research firms also recently commented on NOK. TheStreet raised Nokia Oyj from a c+ rating to a b- rating in a report on Monday, March 18th. Raymond James raised Nokia Oyj from a market perform rating to an outperform rating and increased their target price for the stock from $4.75 to $7.50 in a report on Tuesday, January 8th. Canaccord Genuity reaffirmed a buy rating and set a $7.00 target price on shares of Nokia Oyj in a report on Friday, April 26th. Goldman Sachs Group downgraded Nokia Oyj from a neutral rating to a sell rating and set a $5.72 target price on the stock. in a report on Monday, April 15th. Finally, Zacks Investment Research raised Nokia Oyj from a sell rating to a hold rating in a report on Thursday, April 4th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $6.83.
NYSE:NOK opened at $5.04 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.31. Nokia Oyj has a 52 week low of $4.98 and a 52 week high of $6.65. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 18.67 and a beta of 0.27.
Institutional investors have recently made changes to their positions in the company. Sterling Investment Advisors Ltd. acquired a new stake in shares of Nokia Oyj during the 1st quarter worth approximately $29,000. Private Capital Group LLC raised its position in shares of Nokia Oyj by 2,210.7% during the 1st quarter. Private Capital Group LLC now owns 5,615 shares of the technology company’s stock worth $32,000 after purchasing an additional 5,372 shares during the period. Whittier Trust Co. raised its position in shares of Nokia Oyj by 197.1% during the 4th quarter. Whittier Trust Co. now owns 5,687 shares of the technology company’s stock worth $33,000 after purchasing an additional 3,773 shares during the period. Covenant Multifamily Offices LLC acquired a new stake in shares of Nokia Oyj during the 1st quarter worth approximately $40,000. Finally, Investors Research Corp acquired a new stake in shares of Nokia Oyj during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 6.77% of the company’s stock.
About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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