Nokia Oyj (NYSE:NOK) Receives Consensus Rating of "Moderate Buy" from Brokerages

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

NOK has been the subject of several research reports. Wall Street Zen upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st.

Nokia Oyj Stock Performance

Shares of NOK stock traded down $0.05 during trading on Friday, reaching $5.35. 13,197,407 shares of the company's stock traded hands, compared to its average volume of 18,043,402. The firm's 50-day moving average is $5.11 and its 200 day moving average is $4.81. The company has a market capitalization of $29.14 billion, a P/E ratio of 21.38, a PEG 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 company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted 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 company had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.47 billion. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Equities research analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.0336 dividend. This is an increase from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Monday, May 5th. Nokia Oyj's dividend payout ratio is 80.00%.

Hedge Funds Weigh In On Nokia Oyj

Several large investors have recently made changes to their positions in the company. Wealthquest Corp purchased a new position in Nokia Oyj during the first quarter valued at $27,000. Harbour Investments Inc. increased its position in Nokia Oyj by 7,046.5% during 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 increased its position in Nokia Oyj by 58.4% during the first quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock worth $38,000 after purchasing an additional 2,651 shares during the last quarter. Assetmark Inc. increased its position in Nokia Oyj by 763.7% during the first quarter. Assetmark Inc. now owns 8,240 shares of the technology company's stock worth $43,000 after purchasing an additional 7,286 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in Nokia Oyj during the fourth quarter worth about $45,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj 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.