Weekly Research Analysts’ Ratings Updates for Nokia Oyj (NOK)

Several analysts have recently updated their ratings and price targets for Nokia Oyj (NYSE: NOK):

  • 9/25/2018 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nokia has significantly underperformed the industry in the past year on an average. Continued lower-than-expected performance in Networks business remains a major cause of concern. Nokia is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. The continued below-par performance of Nokia’s primary division — the Networks unit is concerning. However, the company maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products and services. Nokia remains focused on its strategy that hinges on four strategic priorities. The company is also continuously expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.”
  • 9/19/2018 – Nokia Oyj was downgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating.
  • 9/19/2018 – Nokia Oyj was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating.
  • 9/19/2018 – Nokia Oyj was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “buy” rating. They now have a $7.00 price target on the stock, up previously from $5.56.
  • 9/18/2018 – Nokia Oyj was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/17/2018 – Nokia Oyj had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 9/5/2018 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nokia maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products and services. The company is driving the transition of global enterprises into smart virtual networks. It is transforming the way people and things communicate and connect with each other. Nokia is expanding its business operations into high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. However, the stock has significantly underperformed the industry in the past three months on an average. Continued lower-than-expected performance in Networks business remain a major concern for the company. Adverse foreign currency movement has resulted in lower operating cash flow. Nokia is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum.”
  • 8/17/2018 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nokia reported lackluster results for second-quarter 2018 with year-over-year decrease in both top- and bottom-line numbers. Below-par performance of Nokia’s Networks unit remains a concern. Nokia is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. The stock has underperformed the industry in the past year on an average. However, Nokia is expanding its business into high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. At the same time, Nokia remains focused on its strategy that hinges on four strategic priorities.”
  • 8/2/2018 – Nokia Oyj was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/31/2018 – Nokia Oyj was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Nokia reported lackluster results for second-quarter 2018 with year-over-year decrease in both top- and bottom-line numbers. Below-par performance of Nokia’s Networks unit remains a concern. The company has considerable operations in geographies outside the United States. Its significant international presence exposes it to political and economic disruptions, all of which can directly impact its profits. Nokia is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. The stock has underperformed the industry in the past three months on an average. However, Nokia is expanding its business into high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.”

Nokia Oyj stock opened at $5.59 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.91 and a beta of 1.15. Nokia Oyj has a 12 month low of $4.51 and a 12 month high of $6.41.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, July 26th. The technology company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.18 billion. Nokia Oyj had a positive return on equity of 9.10% and a negative net margin of 4.56%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. research analysts anticipate that Nokia Oyj will post 0.26 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Ariel Investments LLC raised its position in Nokia Oyj by 0.8% in the second quarter. Ariel Investments LLC now owns 24,242,239 shares of the technology company’s stock valued at $139,393,000 after purchasing an additional 187,280 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Nokia Oyj by 2,240.6% during the second quarter. Miller Howard Investments Inc. NY now owns 9,611,936 shares of the technology company’s stock worth $55,269,000 after acquiring an additional 9,201,275 shares during the last quarter. Northern Trust Corp raised its position in shares of Nokia Oyj by 0.3% during the second quarter. Northern Trust Corp now owns 5,583,259 shares of the technology company’s stock worth $32,102,000 after acquiring an additional 18,115 shares during the last quarter. Millennium Management LLC raised its position in shares of Nokia Oyj by 17.0% during the first quarter. Millennium Management LLC now owns 5,177,007 shares of the technology company’s stock worth $28,318,000 after acquiring an additional 752,977 shares during the last quarter. Finally, Natixis raised its position in shares of Nokia Oyj by 584.2% during the second quarter. Natixis now owns 5,000,974 shares of the technology company’s stock worth $28,756,000 after acquiring an additional 4,270,000 shares during the last quarter. Hedge funds and other institutional investors own 6.83% of the company’s stock.

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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