Nokia Corporation (NYSE:NOK) Receives $5.85 Average PT from Analysts

Nokia Corporation (NYSE:NOK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.85.

Separately, Wall Street Zen raised Nokia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NOK. Wealthquest Corp bought a new stake in shares of Nokia in the first quarter worth about $27,000. Harbour Investments Inc. grew its stake in shares of Nokia by 7,046.5% in the first quarter. Harbour Investments Inc. now owns 5,074 shares of the technology company's stock worth $27,000 after purchasing an additional 5,003 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Nokia by 58.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock valued at $38,000 after acquiring an additional 2,651 shares in the last quarter. Assetmark Inc. boosted its position in Nokia by 763.7% during the 1st quarter. Assetmark Inc. now owns 8,240 shares of the technology company's stock valued at $43,000 after acquiring an additional 7,286 shares in the last quarter. Finally, Formidable Asset Management LLC bought a new stake in Nokia during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Nokia Price Performance

NOK stock traded down $0.08 during midday trading on Friday, reaching $4.98. 25,147,038 shares of the stock were exchanged, compared to its average volume of 18,519,043. The stock has a market capitalization of $26.80 billion, a PE ratio of 33.20 and a beta of 0.91. Nokia has a 52 week low of $3.60 and a 52 week high of $5.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.36 and a quick ratio of 1.15. The company has a fifty day moving average price of $5.22 and a 200 day moving average price of $5.01.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Nokia had a net margin of 4.09% and a return on equity of 8.73%. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the firm posted $0.09 EPS. The company's quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that Nokia will post 0.34 EPS for the current fiscal year.

Nokia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.0336 per share. This is an increase from Nokia's previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 5th. This represents a $0.13 dividend on an annualized basis and a yield of 2.70%. Nokia's dividend payout ratio (DPR) is presently 80.00%.

Nokia 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.