Nokia Oyj (NYSE:NOK) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK - Free Report) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. Craig Hallum lifted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Trading Up 0.9 %

NYSE:NOK traded up $0.05 during midday trading on Tuesday, reaching $5.13. 16,342,224 shares of the stock traded hands, compared to its average volume of 17,503,764. The stock has a market capitalization of $27.94 billion, a P/E ratio of 20.50, a PEG ratio of 6.43 and a beta of 0.97. The company has a fifty day moving average of $5.07 and a 200 day moving average of $4.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a 12 month low of $3.56 and a 12 month high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, research analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Hedge Funds Weigh In On Nokia Oyj

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Nokia Oyj by 58.4% in the first quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock worth $38,000 after acquiring an additional 2,651 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $45,000. D.A. Davidson & CO. bought a new stake in Nokia Oyj in the 4th quarter worth approximately $46,000. Wedmont Private Capital bought a new position in shares of Nokia Oyj during the 4th quarter valued at $47,000. Finally, Wealthstream Advisors Inc. purchased a new position in shares of Nokia Oyj in the 4th quarter worth $49,000. Institutional investors own 5.28% of the company's stock.

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.