Analysts Set Nokia Oyj (NYSE:NOK) PT at $5.85

Shares of Nokia Oyj (NYSE:NOK) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.85.

Several brokerages have recently issued reports on NOK. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $5.34 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.35. The company has a fifty day moving average of $4.81 and a 200-day moving average of $4.55. The stock has a market capitalization of $29.09 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Equities research analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Nokia Oyj

Large investors have recently modified their holdings of the stock. PEAK6 Investments LLC purchased a new stake in Nokia Oyj in the third quarter worth $45,000. Foundations Investment Advisors LLC purchased a new position in shares of Nokia Oyj in the fourth quarter worth $45,000. D.A. Davidson & CO. bought a new position in Nokia Oyj during the 4th quarter valued at about $46,000. Wedmont Private Capital purchased a new stake in Nokia Oyj in the fourth quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. purchased a new position in shares of Nokia Oyj in the 4th quarter worth $49,000. Institutional investors 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.