TheStreet upgraded shares of Nokia Oyj (NYSE:NOK) from a c+ rating to a b- rating in a report issued on Monday morning.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Nokia Oyj from a hold rating to a sell rating in a research note on Wednesday, January 23rd. Raymond James upgraded shares of Nokia Oyj from a market perform rating to an outperform rating and boosted their target price for the company from $4.75 to $7.50 in a research note on Tuesday, January 8th. ValuEngine upgraded shares of Nokia Oyj from a sell rating to a hold rating in a research note on Tuesday, December 11th. Finally, BMO Capital Markets upgraded shares of Nokia Oyj from a market perform rating to an outperform rating and boosted their target price for the company from $5.00 to $7.50 in a research note on Thursday, January 3rd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Nokia Oyj presently has an average rating of Hold and a consensus price target of $6.81.

NOK opened at $6.29 on Monday. Nokia Oyj has a fifty-two week low of $5.07 and a fifty-two week high of $6.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.29. The firm has a market cap of $35.67 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.10 and a beta of 0.33.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Nokia Oyj had a negative net margin of 1.58% and a positive return on equity of 8.03%. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.61 billion. On average, sell-side analysts anticipate that Nokia Oyj will post 0.3 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of NOK. D. E. Shaw & Co. Inc. lifted its position in Nokia Oyj by 25,510.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 10,663,449 shares of the technology company’s stock worth $62,061,000 after buying an additional 10,621,812 shares in the last quarter. FMR LLC lifted its position in Nokia Oyj by 251.7% during the 4th quarter. FMR LLC now owns 12,084,463 shares of the technology company’s stock worth $70,331,000 after buying an additional 8,648,798 shares in the last quarter. Millennium Management LLC lifted its position in Nokia Oyj by 820.4% during the 4th quarter. Millennium Management LLC now owns 9,639,023 shares of the technology company’s stock worth $56,099,000 after buying an additional 8,591,749 shares in the last quarter. Bank of America Corp DE lifted its position in Nokia Oyj by 118.3% during the 4th quarter. Bank of America Corp DE now owns 14,251,970 shares of the technology company’s stock worth $82,947,000 after buying an additional 7,724,302 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Nokia Oyj by 29.3% during the 3rd quarter. Mackenzie Financial Corp now owns 32,166,684 shares of the technology company’s stock worth $179,490,000 after buying an additional 7,296,372 shares in the last quarter. Institutional investors and hedge funds own 6.81% of the company’s stock.

Nokia Oyj 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 provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Analyst Recommendations for Nokia Oyj (NYSE:NOK)

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