Nokia (NYSE:NOK) Trading 3.6% Higher Following Analyst Upgrade

Key Points

• Arete Research upgraded Nokia from neutral to buy, sending shares up about 3.6% to an intraday high of $12.92 on a ~122% surge in volume.
• Nokia agreed to transfer its Fixed Wireless Access business to Inseego and become a significant shareholder, with an Inseego conference call and roughly €1B in AI‑related orders cited as near‑term catalysts for momentum.
• Risks remain: Nokia's trailing P/E is around 80 and the average analyst price target is $9.71 (below the current price), even as the company raised its quarterly dividend to $0.0468 (≈1.5% yield).

Shares of Nokia Corporation (NYSE:NOK - Get Free Report) traded up 3.6% on Thursday after Arete Research upgraded the stock from a neutral rating to a buy rating. The stock traded as high as $12.92 and last traded at $12.9050. 134,754,083 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 60,644,605 shares. The stock had previously closed at $12.46.

Several other analysts have also recently commented on the company. Morgan Stanley reiterated an "overweight" rating on shares of Nokia in a report on Tuesday. Kepler Capital Markets upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, January 7th. Santander raised shares of Nokia from a "neutral" rating to an "outperform" rating in a research note on Monday, February 2nd. Citigroup reiterated a "sell" rating on shares of Nokia in a research report on Friday, January 23rd. Finally, Nordea Equity Research upgraded shares of Nokia from a "hold" rating to a "buy" rating in a report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $9.71.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia agreed to transfer its Fixed Wireless Access (FWA) business to Inseego and enter a strategic technology and go‑to‑market partnership; Nokia will become a significant shareholder in Inseego, which monetizes assets while keeping exposure to FWA growth. Inseego to acquire Nokia's Fixed Wireless Access business to create a global wireless broadband leader
• Positive Sentiment: Inseego is holding a conference call today to discuss the acquisition and partnership, providing near‑term clarity on deal terms and cooperation around 6G, wireless edge and AI opportunities — a catalyst for investor sentiment. Inseego to Hold Conference Call to Discuss Announced Acquisition of Nokia’s Fixed Wireless Access (FWA) Business and Strategic Partnership
• Positive Sentiment: Analysts and commentators are upbeat: Arete Research upgraded Nokia from "neutral" to "buy," and media coverage (including Jim Cramer and press notes) highlights rotation into telecom/networking names tied to AI infrastructure — supporting momentum. Nokia was upgraded by Arete Research from "neutral" to "buy"
• Positive Sentiment: Nokia has reported meaningful AI traction — analysis notes roughly €1B in AI-related orders and expanding AI/cloud revenue share, which underpins strength in networking demand tied to AI infrastructure buildouts. A Look At Nokia Oyj’s Valuation After New AI Partnerships And €1b In AI Orders
• Neutral Sentiment: Insider transactions: a senior manager (Stephan Prosi) reported disposals totaling 15,000 shares at a VWAP of €10.045 across several venues on April 29 — worth noting but not necessarily unusual. Nokia Corporation - Managers' transactions (Prosi)
• Neutral Sentiment: Industry backdrop: market reports project mid‑single‑digit to double‑digit growth in the 5G FWA CPE market through 2031, supporting longer‑term demand for networking equipment even as Nokia reshapes its FWA exposure. 5G FWA CPE Market: Strategic Insights and Forecasts (2026-2031)
• Negative Sentiment: Valuation and earnings expectations remain potential drag: recent coverage highlights high trailing P/E (~80) and other valuation metrics that could make the stock sensitive to execution or macro disappointments. Is Nokia Oyj (NOK) A Good Stock To Buy Now?

Institutional Trading of Nokia

Several large investors have recently modified their holdings of NOK. J2 Capital Management Inc lifted its position in shares of Nokia by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company's stock valued at $548,000 after acquiring an additional 1,319 shares during the period. Janney Montgomery Scott LLC increased its stake in Nokia by 6.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company's stock valued at $145,000 after purchasing an additional 1,450 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company's stock valued at $97,000 after purchasing an additional 1,483 shares during the period. Xponance LLC raised its holdings in shares of Nokia by 13.0% during the fourth quarter. Xponance LLC now owns 13,590 shares of the technology company's stock valued at $88,000 after purchasing an additional 1,567 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Nokia by 7.1% during the 3rd quarter. Allworth Financial LP now owns 24,344 shares of the technology company's stock worth $117,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Stock Performance

The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 80.66, a P/E/G ratio of 2.03 and a beta of 0.77. The company has a 50 day moving average price of $8.83 and a 200 day moving average price of $7.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58.

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The business had revenue of $5.21 billion for the quarter. Equities research analysts predict that Nokia Corporation will post 0.41 earnings per share for the current fiscal year.

Nokia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th will be given a $0.0468 dividend. This represents a $0.19 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, April 28th. This is an increase from Nokia's previous quarterly dividend of $0.04. Nokia's payout ratio is 75.00%.

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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