Nokia Corporation (NYSE:NOK) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Sixteen brokerages give Nokia an average recommendation of "Moderate Buy" (9 Buys, 6 Holds, 1 Sell) with a one-year average price target of $7.91.
• Bullish catalysts: Bank of America upgraded Nokia to Buy citing expanding exposure to optical networking and hyperscaler AI data-center demand, and a RUCKUS Networks Wi‑Fi7/fiber tie‑up helped drive a roughly 9.8% stock rally.
• Risk to watch: Reports that Nokia plans to cut about 121 jobs in Finland could cause near-term operational disruption despite potential cost savings.

Shares of Nokia Corporation (NYSE:NOK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.9117.

NOK has been the topic of a number of research reports. Danske lowered Nokia from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Citigroup restated a "sell" rating on shares of Nokia in a research report on Friday, January 23rd. Arete Research lowered Nokia from a "buy" rating to a "neutral" rating in a research report on Friday, March 13th. Santander raised Nokia from a "neutral" rating to an "outperform" rating in a report on Monday, February 2nd. Finally, Argus raised Nokia to a "hold" rating in a report on Wednesday, February 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company's stock worth $25,000 after buying an additional 2,721 shares during the period. FNY Investment Advisers LLC lifted its holdings in Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company's stock worth $30,000 after buying an additional 4,684 shares during the period. Dorato Capital Management acquired a new stake in shares of Nokia during the fourth quarter worth $31,000. Smithfield Trust Co acquired a new stake in shares of Nokia during the fourth quarter worth $35,000. Finally, Wexford Capital LP acquired a new stake in shares of Nokia during the third quarter worth $29,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Bank of America upgraded Nokia to Buy and lifted its target, citing expanding exposure to optical networking and hyperscaler demand from AI data-center buildouts — the research note is the primary catalyst for today’s rally. BofA upgrades Nokia to Buy on optical and hyperscaler growth; shares rise
• Positive Sentiment: RUCKUS Networks and Nokia announced early-access availability for an integrated Wi‑Fi 7 and fiber optical LAN solution — product tie-ups like this support Nokia’s positioning in enterprise and carrier optical/Wi‑Fi convergence. RUCKUS Networks and Nokia Announce Early Access Availability
• Neutral Sentiment: Media coverage (Fool, Blockonomi, Invezz and others) is amplifying the upgrade narrative and investor interest; that attention can sustain momentum but also raises expectations. Stock Market Today, April 13: Nokia Surges After Bank of America Upgrade
• Negative Sentiment: Report that Nokia plans to cut about 121 jobs in Finland — while cost reductions can help margins, workforce reductions may signal near-term operational disruption or signal restructuring that investors should watch. Nokia set to cut 121 jobs in Finland - report

Nokia Trading Up 9.8%

Shares of NOK stock opened at $10.38 on Tuesday. The firm has a market capitalization of $59.62 billion, a P/E ratio of 79.88, a P/E/G ratio of 3.28 and a beta of 0.77. Nokia has a twelve month low of $4.00 and a twelve month high of $10.48. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock's fifty day simple moving average is $7.99 and its 200 day simple moving average is $6.86.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia's core activities center on designing, building and supporting communications networks and related software.

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