Nokia Oyj (NOK) Stock Rating Reaffirmed by Goldman Sachs Group

Nokia Oyj (NYSE:NOK)‘s stock had its “neutral” rating reiterated by investment analysts at Goldman Sachs Group in a research note issued to investors on Thursday.

NOK has been the topic of a number of other research reports. BNP Paribas downgraded Nokia Oyj from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $5.00 to $3.90 in a research report on Monday, December 4th. Vetr upgraded Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.37 target price on the stock in a research report on Monday, September 25th. Argus downgraded Nokia Oyj from a “buy” rating to a “hold” rating and boosted their price objective for the company from $4.76 to $4.91 in a report on Monday, October 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nokia Oyj in a report on Friday, October 27th. Finally, UBS Group reiterated a “buy” rating on shares of Nokia Oyj in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $5.51.

Nokia Oyj (NYSE:NOK) traded down $0.01 during trading hours on Thursday, reaching $4.95. The company’s stock had a trading volume of 10,801,700 shares, compared to its average volume of 10,853,291. Nokia Oyj has a 12 month low of $4.50 and a 12 month high of $6.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33. The stock has a market capitalization of $28,580.00, a P/E ratio of -55.00, a P/E/G ratio of 1.37 and a beta of 1.29.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. Nokia Oyj had a positive return on equity of 9.88% and a negative net margin of 2.09%. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. equities analysts expect that Nokia Oyj will post 0.33 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Nokia Oyj by 56.7% in the 2nd quarter. Royal Bank of Canada now owns 1,852,037 shares of the technology company’s stock valued at $11,408,000 after buying an additional 670,039 shares during the period. Lenox Wealth Management Inc. grew its stake in Nokia Oyj by 35.5% during the 3rd quarter. Lenox Wealth Management Inc. now owns 129,663 shares of the technology company’s stock worth $775,000 after purchasing an additional 33,987 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in Nokia Oyj by 272.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 199,826 shares of the technology company’s stock worth $1,195,000 after purchasing an additional 146,152 shares in the last quarter. Stifel Financial Corp grew its stake in Nokia Oyj by 68.7% during the 2nd quarter. Stifel Financial Corp now owns 181,890 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 74,056 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Nokia Oyj during the 3rd quarter worth $3,353,000. Hedge funds and other institutional investors own 5.86% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2018/01/18/nokia-oyj-nok-stock-rating-reaffirmed-by-goldman-sachs-group.html.

About Nokia Oyj

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Analyst Recommendations for Nokia Oyj (NYSE:NOK)

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply