Nokia Oyj (NYSE:NOK) Stock Price Up 2.7%

Nokia Oyj (NYSE:NOK - Get Free Report)'s stock price was up 2.7% during mid-day trading on Thursday . The stock traded as high as $3.43 and last traded at $3.42. Approximately 3,088,110 shares were traded during trading, a decline of 79% from the average daily volume of 15,025,717 shares. The stock had previously closed at $3.33.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NOK shares. BNP Paribas started coverage on Nokia Oyj in a report on Friday, January 12th. They set a "neutral" rating on the stock. Barclays downgraded Nokia Oyj from an "equal weight" rating to an "underweight" rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Nokia Oyj from $4.39 to $4.26 and set a "neutral" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Nokia Oyj has a consensus rating of "Hold" and an average target price of $4.42.

Nokia Oyj Stock Up 3.5 %

The firm's 50-day simple moving average is $3.54 and its 200 day simple moving average is $3.47. The company has a market cap of $19.40 billion, a P/E ratio of 27.67, a PEG ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company earned $0.16 EPS. On average, research analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Nokia Oyj

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Nokia Oyj by 18.9% in the 1st quarter. BlackRock Inc. now owns 4,795,249 shares of the technology company's stock worth $26,183,000 after purchasing an additional 763,930 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Nokia Oyj by 79.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,029,643 shares of the technology company's stock worth $27,462,000 after buying an additional 2,221,142 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Nokia Oyj during the 1st quarter worth about $55,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Nokia Oyj by 44.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 62,728 shares of the technology company's stock worth $343,000 after buying an additional 19,430 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Nokia Oyj by 171.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,493 shares of the technology company's stock worth $183,000 after purchasing an additional 21,146 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

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.