Nokia Oyj’s (NOK) Outperform Rating Reaffirmed at Northland Securities

Nokia Oyj (NYSE:NOK)‘s stock had its “outperform” rating restated by investment analysts at Northland Securities in a report issued on Friday, Benzinga reports. They presently have a $6.50 price objective on the technology company’s stock. Northland Securities’ price target suggests a potential upside of 38.30% from the company’s current price.

Separately, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nokia Oyj presently has an average rating of “Hold” and a consensus target price of $4.54.

Nokia Oyj Stock Up 8.3 %

Shares of NOK stock traded up $0.36 during mid-day trading on Friday, hitting $4.70. The stock had a trading volume of 25,386,744 shares, compared to its average volume of 15,353,336. The firm has a market capitalization of $25.96 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 5.47 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.71. The firm’s 50-day moving average is $4.26 and its two-hundred day moving average is $3.92.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $5.12 billion. On average, analysts predict that Nokia Oyj will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nokia Oyj

Large investors have recently made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in Nokia Oyj during the 4th quarter valued at $48,000. CWM LLC raised its holdings in Nokia Oyj by 40.4% during the 1st quarter. CWM LLC now owns 17,542 shares of the technology company’s stock worth $62,000 after buying an additional 5,049 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of Nokia Oyj by 48.2% in the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after buying an additional 3,000 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Nokia Oyj by 10.3% in the first quarter. First Affirmative Financial Network now owns 31,351 shares of the technology company’s stock valued at $111,000 after buying an additional 2,932 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in Nokia Oyj by 36.1% in the first quarter. Ballentine Partners LLC now owns 42,984 shares of the technology company’s stock valued at $152,000 after purchasing an additional 11,392 shares in the last quarter. Institutional investors and hedge funds 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.