(Ticker Report) – Nokia (NYSE:NOK)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report issued on Friday, The Fly reports.
Several other equities research analysts also recently weighed in on the stock. BNP Paribas upgraded shares of Nokia from an “underperform” rating to a “neutral” rating in a research note on Friday. Exane BNP Paribas upgraded shares of Nokia from an “underperform” rating to a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Nokia from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 8th.
Northland Securities began coverage on shares of Nokia in a research note on Tuesday, July 14th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a research note on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.90.
Shares of NOK stock opened at $3.37 on Friday. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.96 and a beta of 0.64. The company’s 50 day moving average is $4.02 and its 200 day moving average is $4.18. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. Nokia has a 52-week low of $2.34 and a 52-week high of $5.14.
Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 29th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Nokia had a net margin of 2.76% and a return on equity of 9.26%. Analysts anticipate that Nokia will post 0.28 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Endurance Wealth Management Inc. lifted its position in Nokia by 46.6% during the second quarter. Endurance Wealth Management Inc. now owns 16,675 shares of the technology company’s stock valued at $73,000 after purchasing an additional 5,300 shares during the period. Goldman Sachs Group Inc. lifted its position in Nokia by 25.8% during the second quarter. Goldman Sachs Group Inc. now owns 4,597,072 shares of the technology company’s stock valued at $20,227,000 after purchasing an additional 942,798 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Nokia during the second quarter valued at $186,000. Vigilare Wealth Management acquired a new position in Nokia during the second quarter valued at $53,000. Finally, WFA of San Diego LLC acquired a new position in Nokia during the second quarter valued at $49,000. Institutional investors and hedge funds own 4.39% of the company’s stock.
Nokia Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services.