Nokia Oyj (NYSE:NOK) Receives $5.85 Average Price Target from Brokerages

Nokia Oyj (NYSE:NOK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.85.

A number of brokerages have weighed in on NOK. Wall Street Zen raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st.

Institutional Trading of Nokia Oyj

A number of large investors have recently modified their holdings of NOK. Park Avenue Securities LLC increased its stake in shares of Nokia Oyj by 71.6% in the fourth quarter. Park Avenue Securities LLC now owns 40,756 shares of the technology company's stock valued at $181,000 after purchasing an additional 17,006 shares during the period. Ballentine Partners LLC grew its holdings in Nokia Oyj by 7.0% in the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock worth $259,000 after buying an additional 3,808 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Nokia Oyj by 1.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 379,055 shares of the technology company's stock valued at $1,680,000 after acquiring an additional 4,943 shares during the period. Atomi Financial Group Inc. raised its stake in Nokia Oyj by 28.2% during the 4th quarter. Atomi Financial Group Inc. now owns 47,134 shares of the technology company's stock valued at $209,000 after acquiring an additional 10,354 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its position in Nokia Oyj by 23.1% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 21,320 shares of the technology company's stock worth $95,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Stock Up 1.3%

NYSE:NOK traded up $0.07 during mid-day trading on Friday, reaching $5.41. The stock had a trading volume of 17,747,375 shares, compared to its average volume of 18,059,880. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The company has a market capitalization of $29.50 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. Nokia Oyj has a 1-year low of $3.57 and a 1-year high of $5.48. The stock's 50 day simple moving average is $5.11 and its two-hundred day simple moving average is $4.80.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Nokia Oyj's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. Equities analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.0336 per share. This is an increase from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 5th. This represents a $0.13 annualized dividend and a dividend yield of 2.49%. Nokia Oyj's payout ratio is 80.00%.

About Nokia Oyj

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.