Nokia Oyj (NYSE:NOK) has been given a consensus recommendation of “Hold” by the twenty-three research firms that are currently covering the firm. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.79.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th. Craig Hallum initiated coverage on shares of Nokia Oyj in a report on Tuesday, February 21st. They issued a “buy” rating and a $7.50 price target for the company. Oppenheimer Holdings Inc. lowered shares of Nokia Oyj from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Tuesday, January 3rd. Canaccord Genuity reiterated a “hold” rating and issued a $5.00 price objective on shares of Nokia Oyj in a research report on Tuesday, February 7th. Finally, Vetr downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating and set a $5.52 price objective on the stock. in a research report on Monday, February 13th.
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Shares of Nokia Oyj (NYSE:NOK) traded down 1.14% on Tuesday, reaching $5.21. The company had a trading volume of 11,918,024 shares. Nokia Oyj has a 1-year low of $4.04 and a 1-year high of $6.09. The stock’s market capitalization is $29.80 billion. The company’s 50 day moving average price is $5.32 and its 200-day moving average price is $4.91.
Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, February 2nd. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The company earned $6.72 billion during the quarter, compared to analyst estimates of $7.35 billion. Nokia Oyj had a negative net margin of 2.96% and a positive return on equity of 6.17%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Equities analysts predict that Nokia Oyj will post $0.24 EPS for the current year.
The company also recently disclosed an annual dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th will be paid a $0.1816 dividend. This represents a dividend yield of 3.4%. The ex-dividend date is Wednesday, May 24th. Nokia Oyj’s payout ratio is -142.85%.
Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Nokia Oyj by 159.2% in the third quarter. Teachers Advisors LLC now owns 4,493,847 shares of the technology company’s stock worth $26,019,000 after buying an additional 2,759,787 shares during the last quarter. Comerica Bank boosted its stake in shares of Nokia Oyj by 13.5% in the fourth quarter. Comerica Bank now owns 336,362 shares of the technology company’s stock worth $1,598,000 after buying an additional 40,099 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Nokia Oyj by 6.2% in the third quarter. BlackRock Investment Management LLC now owns 3,116,289 shares of the technology company’s stock worth $18,043,000 after buying an additional 181,231 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Nokia Oyj by 1.9% in the third quarter. BlackRock Group LTD now owns 1,134,860 shares of the technology company’s stock worth $6,571,000 after buying an additional 20,770 shares during the last quarter. Finally, Emerald Acquisition Ltd. boosted its stake in shares of Nokia Oyj by 102.5% in the third quarter. Emerald Acquisition Ltd. now owns 10,820,534 shares of the technology company’s stock worth $62,650,000 after buying an additional 5,478,149 shares during the last quarter. Institutional investors and hedge funds own 5.71% of the company’s stock.
About Nokia Oyj
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.
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