Wells Fargo & Co. reissued their market perform rating on shares of Nokia Corp. (NYSE:NOK) in a research report report published on Saturday. Wells Fargo & Co. currently has a $4.25 target price on the technology company’s stock, down from their prior target price of $4.75.

A number of other research analysts also recently issued reports on NOK. BNP Paribas reissued a buy rating on shares of Nokia Corp. in a report on Saturday, October 15th. BMO Capital Markets reissued an outperform rating and issued a $7.00 price target on shares of Nokia Corp. in a report on Thursday, October 27th. Bank of America Corp. downgraded Nokia Corp. from a buy rating to a neutral rating in a report on Tuesday. Exane BNP Paribas downgraded Nokia Corp. from an outperform rating to a neutral rating in a report on Friday, October 28th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $6.00 target price (down from $7.00) on shares of Nokia Corp. in a research note on Thursday, October 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $9.87.

Nokia Corp. (NYSE:NOK) traded up 0.24% on Friday, hitting $4.16. 6,631,697 shares of the company were exchanged. The stock’s 50-day moving average price is $5.06 and its 200-day moving average price is $5.48. The stock has a market capitalization of $24.01 billion, a P/E ratio of 51.36 and a beta of 1.51. Nokia Corp. has a 52-week low of $4.15 and a 52-week high of $7.55.

A number of institutional investors have recently made changes to their positions in NOK. Creative Planning boosted its position in shares of Nokia Corp. by 12.3% in the second quarter. Creative Planning now owns 57,704 shares of the technology company’s stock worth $328,000 after buying an additional 6,342 shares during the period. Eqis Capital Management Inc. raised its stake in Nokia Corp. by 1.2% in the second quarter. Eqis Capital Management Inc. now owns 23,380 shares of the technology company’s stock worth $133,000 after buying an additional 267 shares in the last quarter. Regentatlantic Capital LLC raised its stake in Nokia Corp. by 96.8% in the second quarter. Regentatlantic Capital LLC now owns 23,522 shares of the technology company’s stock worth $134,000 after buying an additional 11,570 shares in the last quarter. BLB&B Advisors LLC raised its stake in Nokia Corp. by 4.7% in the second quarter. BLB&B Advisors LLC now owns 43,997 shares of the technology company’s stock worth $250,000 after buying an additional 1,975 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in Nokia Corp. by 8.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 64,122 shares of the technology company’s stock worth $365,000 after buying an additional 4,974 shares in the last quarter. Institutional investors own 4.34% of the company’s stock.

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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