Nokia Corp. (NYSE:NOK)‘s stock had its “hold” rating reissued by investment analysts at Wells Fargo & Co. in a report released on Thursday. They presently have a $4.75 target price on the technology company’s stock. Wells Fargo & Co.’s price objective would suggest a potential upside of 7.47% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Bank of America Corp. reaffirmed a “buy” rating and set a $6.00 price objective on shares of Nokia Corp. in a report on Thursday, September 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $7.00 price objective on shares of Nokia Corp. in a report on Monday, August 8th. BMO Capital Markets reissued a “buy” rating and set a $7.00 price target on shares of Nokia Corp. in a report on Wednesday, August 3rd. Argus reissued a “buy” rating and set a $10.00 price target on shares of Nokia Corp. in a report on Monday, August 15th. Finally, Vetr raised shares of Nokia Corp. from a “hold” rating to a “buy” rating and set a $6.10 price target for the company in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.44.

Analyst Recommendations for Nokia Corp. (NYSE:NOK)

Shares of Nokia Corp. (NYSE:NOK) opened at 4.42 on Thursday. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 53.25 and a beta of 1.51. Nokia Corp. has a 1-year low of $4.30 and a 1-year high of $7.55. The company’s 50-day moving average is $5.06 and its 200 day moving average is $5.48.

A number of hedge funds and other institutional investors have recently made changes to their positions in NOK. Prospera Financial Services Inc bought a new position in shares of Nokia Corp. during the second quarter worth $101,000. National Asset Management Inc. acquired a new stake in shares of Nokia Corp. during the second quarter worth approximately $113,000. CIBC World Markets Inc. raised its stake in shares of Nokia Corp. by 25.1% in the third quarter. CIBC World Markets Inc. now owns 19,989 shares of the technology company’s stock worth $116,000 after buying an additional 4,009 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Nokia Corp. by 0.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,639 shares of the technology company’s stock worth $125,000 after buying an additional 134 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of Nokia Corp. during the second quarter worth approximately $127,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Corp. Company Profile

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.

5 Day Chart for NYSE:NOK

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