Nokia Corporation (NYSE:NOK) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly positive on Nokia: Seventeen brokerages assign the stock an average “Moderate Buy” rating, with 12 buys, three holds and two sells. The average 12-month price target is $13.83.
• Nokia is expanding its AI and networking business: Recent initiatives include a distributed edge-AI platform, collaborations with Rajant and VodafoneThree, and an AI-based optical-network monitoring system with Orange France.
• Quarterly results showed mixed performance: Nokia reported adjusted EPS of $0.08, ahead of the $0.07 consensus, while revenue of $5.50 billion fell short of the $5.57 billion estimate but increased 8.4% year over year.

Nokia Corporation (NYSE:NOK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.8283.

Several brokerages have commented on NOK. Danske upgraded shares of Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, July 1st. Northland Securities set a $20.00 price target on Nokia in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Nokia in a research note on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Nokia from $14.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, June 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Nokia in a report on Friday, May 22nd.

Hedge Funds Weigh In On Nokia

A number of hedge funds have recently added to or reduced their stakes in NOK. Sequoia Financial Advisors LLC lifted its position in Nokia by 15.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 112,046 shares of the technology company's stock valued at $1,488,000 after acquiring an additional 14,657 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Nokia by 47.2% in the 2nd quarter. Tidal Investments LLC now owns 177,142 shares of the technology company's stock worth $2,352,000 after purchasing an additional 56,807 shares in the last quarter. Bienville Capital Management LLC purchased a new position in shares of Nokia in the second quarter worth $1,754,000. Engineers Gate Manager LP lifted its holdings in shares of Nokia by 19.2% during the second quarter. Engineers Gate Manager LP now owns 1,864,080 shares of the technology company's stock valued at $24,755,000 after purchasing an additional 300,807 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Nokia by 155.7% during the second quarter. NewEdge Advisors LLC now owns 37,812 shares of the technology company's stock valued at $502,000 after purchasing an additional 23,024 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia and Rajant announced a collaboration combining Rajant’s Kinetic Mesh networking with Nokia’s distributed edge AI and Cognitive Operations platform. The offering targets resilient, intelligent communications for mission-critical enterprise, industrial, and public-sector applications, potentially expanding Nokia’s addressable market. Rajant and Nokia Collaboration
• Positive Sentiment: Nokia launched its commercially available Cognitive Operations platform, combining mission-critical communications, edge computing, and operational AI. Initial target markets include mining, construction, public safety, and defense, where improved safety and automation could support longer-term software and services growth. Nokia AI and Edge Platform
• Positive Sentiment: Nokia and VodafoneThree reported progress on an advanced 5G site rollout in the United Kingdom. The deployment provides evidence of ongoing operator demand for Nokia’s radio-access and network infrastructure products, although financial terms were not disclosed. VodafoneThree and Nokia 5G Rollout
• Positive Sentiment: Nokia and Orange France demonstrated an AI-based optical-network “health scan” developed with Bell Labs. The technology is designed to identify network issues and support predictive maintenance, potentially improving operator efficiency and reinforcing Nokia’s AI credentials. Nokia and Orange Optical Network Health Scan
• Neutral Sentiment: Google’s planned €13 billion investment in Finnish AI infrastructure was welcomed by Nokia. The commitment could benefit Finland’s technology ecosystem and create partnership opportunities, but it does not represent direct Nokia revenue. Nokia Welcomes Google Finnish AI Investment

Nokia Trading Down 1.4%

NYSE:NOK opened at $10.61 on Friday. The firm has a market capitalization of $60.93 billion, a P/E ratio of 75.79, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $10.32 and a 200 day moving average of $11.03. Nokia has a 52 week low of $4.48 and a 52 week high of $17.45.

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. On average, research analysts predict that Nokia will post 0.39 earnings per share for the current year.

Nokia Company Profile

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company's business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.

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