Nokia Oyj (NYSE:NOK) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Nokia Oyj (NYSE:NOK) from a hold rating to a strong-buy rating in a report published on Thursday, Zacks.com reports.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Friday. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday. Finally, Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Nokia Oyj presently has a consensus rating of “Hold” and an average target price of $4.54.

Nokia Oyj Trading Up 9.4 %

NOK stock opened at $4.75 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 5.47 and a beta of 1.12. The business has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $3.94. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.78.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. On average, equities research analysts expect that Nokia Oyj will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NOK. Banque Cantonale Vaudoise raised its position in shares of Nokia Oyj by 48.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after purchasing an additional 3,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj in the first quarter valued at $35,000. GAMMA Investing LLC boosted its stake in Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Nokia Oyj during the 1st quarter worth $38,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Nokia Oyj in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.