Nokia Oyj (NYSE:NOK – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Northland Securities in a research note issued to investors on Friday, Benzinga reports. They currently have a $6.50 target price on the technology company’s stock. Northland Securities’ target price points to a potential upside of 36.84% from the stock’s previous close.
Separately, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.54.
Check Out Our Latest Analysis on Nokia Oyj
Nokia Oyj Trading Up 9.4 %
Nokia Oyj (NYSE:NOK – Get Free Report) last posted its earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $5.12 billion. Equities research analysts anticipate that Nokia Oyj will post 0.36 EPS for the current year.
Institutional Trading of Nokia Oyj
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maverick Capital Ltd. bought a new position in Nokia Oyj in the second quarter valued at $1,240,000. PDS Planning Inc increased its position in shares of Nokia Oyj by 46.8% in the first quarter. PDS Planning Inc now owns 33,943 shares of the technology company’s stock valued at $120,000 after acquiring an additional 10,815 shares during the last quarter. First Affirmative Financial Network raised its holdings in Nokia Oyj by 10.3% during the first quarter. First Affirmative Financial Network now owns 31,351 shares of the technology company’s stock worth $111,000 after acquiring an additional 2,932 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Nokia Oyj by 98.3% during the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 867,297 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its stake in Nokia Oyj by 62.3% in the first quarter. CreativeOne Wealth LLC now owns 17,628 shares of the technology company’s stock valued at $63,000 after purchasing an additional 6,768 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.
Nokia Oyj Company Profile
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.
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