Nokia Oyj (NYSE:NOK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a hold rating to a buy rating in a research report released on Friday.

NOK has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a neutral rating for the company in a research report on Tuesday, April 16th. Barclays downgraded shares of Nokia Oyj from an equal weight rating to an underweight rating in a research report on Friday, January 19th. Finally, BNP Paribas assumed coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They issued a neutral rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $4.42.

Nokia Oyj Trading Up 5.1 %

NOK opened at $3.70 on Friday. The firm’s fifty day moving average is $3.54 and its two-hundred day moving average is $3.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The firm has a market cap of $20.84 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.09. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities research analysts anticipate that Nokia Oyj will post 0.38 EPS for the current year.

Nokia Oyj Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Tuesday, April 23rd will be given a $0.0323 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, April 22nd. Nokia Oyj’s dividend payout ratio (DPR) is presently 56.25%.

Institutional Trading of Nokia Oyj

Hedge funds and other institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its holdings in shares of Nokia Oyj by 48.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after buying an additional 3,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj in the 1st quarter worth about $35,000. Paradigm Asset Management Co. LLC acquired a new stake in Nokia Oyj in the 3rd quarter worth about $37,000. Capital Management Associates Inc acquired a new stake in Nokia Oyj in the 4th quarter worth about $34,000. Finally, Tieton Capital Management LLC acquired a new stake in Nokia Oyj in the 4th quarter worth about $34,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.