Nokia Oyj (NYSE:NOK) Updated at StockNews.com

Nokia Oyj (NYSE:NOK – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Separately, Northland Securities reissued an “outperform” rating and set a $6.50 price objective (up from $6.00) on shares of Nokia Oyj in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.54, according to MarketBeat.

Get the latest report on NOK

Nokia Oyj trading down 0.3%

NYSE:NOK traded down $0.01 during midday trading on Tuesday, reaching $4.36. The stock had a trading volume of 19,137,745 shares, compared to its average volume of 15,155,698. The stock has a 50-day moving average of $4.12 and a 200-day moving average of $3.86. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 5.27 and a beta of 1.12. Nokia Oyj has a one year low of $2.94 and a one year high of $4.52. The company has a quick ratio of 1.57, a current ratio of 1.82, and a debt-to-equity ratio of 0.13.

Nokia Oyj (NYSE:NOK – Get Your Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.36 EPS for the current year.

Institutional investors weigh in on Nokia Oyj

A number of hedge funds and other institutional investors have recently bought and sold shares of NOK. Pzena Investment Management LLC raised its position in shares of Nokia Oyj by 22.3% in the second quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after buying an additional 15,035,360 shares during the last quarter. Sei Investments Co. raised its stake in Nokia Oyj by 1.5% in the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock valued at $9,467,000 after buying an additional 40,264 shares in the last quarter. TSP Capital Management Group LLC raised its stake in shares of Nokia Oyj by 89.2% in the first quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after acquiring an additional 1,027,600 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Nokia Oyj by 98.3% in the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after acquiring an additional 867,297 shares in the last quarter. Finally, Susquehanna International Securities Ltd. raised its position in shares of Nokia Oyj by 13.9% in the first quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock valued at $5,795,000 after purchasing an additional 199,590 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

About Nokia Oyj

(Get a free report)

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 network solutions such as fiber and copper access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, including IP access, edge and core aggregation and routing for residential, mobile, enterprise and cloud applications; optical network solutions providing optical transport networks for metro, regional and long-haul applications and submarine applications; and submarine networks for submarine cable transmission.

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