Nokia Corp. (NYSE:NOK) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They currently have a $4.00 price target on the technology company’s stock. BMO Capital Markets’ price target indicates a potential downside of 2.91% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group AG restated an “outperform” rating and set a $60.00 price objective on shares of Nokia Corp. in a report on Tuesday. Bank of America Corp. cut Nokia Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday. Wells Fargo & Co. restated a “hold” rating and set a $4.75 price objective on shares of Nokia Corp. in a report on Thursday, November 10th. Zacks Investment Research upgraded Nokia Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Finally, Canaccord Genuity restated a “buy” rating and set a $5.50 price objective (down previously from $6.00) on shares of Nokia Corp. in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.91.

Analyst Recommendations for Nokia Corp. (NYSE:NOK)

Nokia Corp. (NYSE:NOK) opened at 4.12 on Tuesday. The company has a market capitalization of $23.78 billion, a P/E ratio of 50.24 and a beta of 1.51. Nokia Corp. has a one year low of $4.04 and a one year high of $7.55. The stock’s 50 day moving average price is $4.93 and its 200 day moving average price is $5.43.

A number of institutional investors have recently modified their holdings of NOK. Prospera Financial Services Inc acquired a new position in shares of Nokia Corp. during the second quarter worth about $101,000. CIBC World Markets Inc. increased its position 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. Dynamic Capital Management Ltd acquired a new position in shares of Nokia Corp. during the third quarter worth about $119,000. Checchi Capital Advisers LLC increased its position 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 position in shares of Nokia Corp. during the second quarter worth about $127,000. Institutional investors own 4.34% of the company’s stock.

About Nokia Corp.

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

Receive News & Stock Ratings for Nokia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Corp. and related stocks with our FREE daily email newsletter.