Nokia Corporation (NYSE:NOK) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Nokia Corporation (NYSE:NOK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.8667.

• NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game

Several equities research analysts have recently commented on NOK shares. Santander cut shares of Nokia to a "neutral" rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Nokia from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. Northland Securities set a $7.50 price target on Nokia in a research note on Friday, October 24th. BNP Paribas Exane upgraded Nokia from a "neutral" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Nokia in a report on Wednesday, October 8th.

Check Out Our Latest Research Report on Nokia

Hedge Funds Weigh In On Nokia

• Hidden Gems: 5 Stocks Under $10 With Massive Growth Potential

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthquest Corp acquired a new position in Nokia during the 1st quarter worth approximately $27,000. Harbour Investments Inc. boosted its stake in shares of Nokia by 7,046.5% during the 1st quarter. Harbour Investments Inc. now owns 5,074 shares of the technology company's stock worth $27,000 after buying an additional 5,003 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Nokia in the 2nd quarter valued at about $34,000. Assetmark Inc. increased its position in shares of Nokia by 763.7% in the first quarter. Assetmark Inc. now owns 8,240 shares of the technology company's stock valued at $43,000 after acquiring an additional 7,286 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Nokia by 677.1% in the second quarter. First Horizon Advisors Inc. now owns 8,486 shares of the technology company's stock valued at $44,000 after acquiring an additional 7,394 shares during the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Trading Down 0.8%

NOK stock opened at $6.73 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.46 and a debt-to-equity ratio of 0.12. Nokia has a twelve month low of $3.91 and a twelve month high of $8.19. The company has a market cap of $36.19 billion, a P/E ratio of 37.36 and a beta of 0.84. The business has a fifty day moving average of $5.63 and a 200-day moving average of $5.11.

• Not Just China: 3 European Stocks Gaining Investor Interest

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same period last year, the company earned $0.06 earnings per share. The company's revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Nokia will post 0.34 EPS for the current year.

About Nokia

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.

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