Nokia Oyj (NYSE:NOK – Get Rating) has been assigned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.98.
A number of brokerages have recently commented on NOK. Raymond James boosted their price objective on shares of Nokia Oyj from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, January 27th. Societe Generale decreased their price target on shares of Nokia Oyj from €5.80 ($6.30) to €5.40 ($5.87) and set a "buy" rating on the stock in a research note on Tuesday, October 25th. Morgan Stanley initiated coverage on shares of Nokia Oyj in a research note on Tuesday, November 8th. They issued an "equal weight" rating on the stock. DNB Markets downgraded shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nokia Oyj from €6.00 ($6.52) to €5.50 ($5.98) and set a "buy" rating on the stock in a research note on Wednesday, November 9th.
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Nokia Oyj Stock Up 0.4 %
Nokia Oyj stock opened at $4.76 on Wednesday. The stock has a market capitalization of $26.81 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 5.87 and a beta of 0.90. Nokia Oyj has a twelve month low of $4.08 and a twelve month high of $6.00. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $4.78 and a 200-day moving average of $4.75.
Nokia Oyj (NYSE:NOK – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.10 billion. Nokia Oyj had a net
margin of 16.73% and a return on equity of 12.31%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Nokia Oyj will post 0.46 EPS for the current fiscal year.
Nokia Oyj Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be issued a $0.0218 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Monday, January 30th. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.01. Nokia Oyj's dividend payout ratio (DPR) is 6.41%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Folketrygdfondet raised its holdings in Nokia Oyj by 18,847.2% during the 2nd quarter. Folketrygdfondet now owns 17,897,919 shares of the technology company's stock worth $82,510,000 after purchasing an additional 17,803,457 shares during the last quarter. Bank of Montreal Can raised its holdings in Nokia Oyj by 235.5% during the 2nd quarter. Bank of Montreal Can now owns 17,376,848 shares of the technology company's stock worth $84,589,000 after purchasing an additional 12,198,025 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Nokia Oyj by 11.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 77,792,262 shares of the technology company's stock worth $358,622,000 after purchasing an additional 7,779,441 shares during the last quarter. Capital Growth Management LP bought a new position in Nokia Oyj during the 3rd quarter worth approximately $29,250,000. Finally, Renaissance Technologies LLC raised its holdings in Nokia Oyj by 30.2% during the 3rd quarter. Renaissance Technologies LLC now owns 18,990,180 shares of the technology company's stock worth $81,088,000 after purchasing an additional 4,409,180 shares during the last quarter. Institutional investors own 7.57% of the company's stock.
Nokia Oyj Company Profile
(Get Rating)
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
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