Nokia Oyj (NYSE:NOK) Raised to Strong-Buy at StockNews.com

Nokia Oyj (NYSE:NOK) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

A number of other equities research analysts also recently weighed in on NOK. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a report on Thursday, January 16th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $4.35 to $6.35 in a report on Monday, December 9th. Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Stock Up 1.6 %

Shares of NOK traded up $0.08 during midday trading on Thursday, hitting $4.69. The company had a trading volume of 12,339,483 shares, compared to its average volume of 15,508,438. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95. The company’s 50 day moving average price is $4.41 and its 200 day moving average price is $4.30. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 58.58, a PEG ratio of 5.72 and a beta of 1.06.

Institutional Investors Weigh In On Nokia Oyj

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after buying an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in Nokia Oyj during the 3rd quarter worth $44,000. Alternative Investment Advisors LLC. bought a new position in shares of Nokia Oyj in the second quarter worth $45,000. JGP Wealth Management LLC acquired a new position in shares of Nokia Oyj during the third quarter valued at $45,000. Finally, PEAK6 Investments LLC acquired a new stake in Nokia Oyj in the third quarter worth about $45,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

About Nokia Oyj

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.