Nokia Corporation (NYSE:NOK) Receives $9.71 Consensus Target Price from Brokerages

Shares of Nokia Corporation (NYSE:NOK) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.71.

NOK has been the topic of a number of research analyst reports. Santander upgraded shares of Nokia from a “neutral” rating to an “outperform” rating in a research note on Monday, February 2nd. Bank of America upgraded shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a research note on Monday, April 13th. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, April 27th. The Goldman Sachs Group upgraded shares of Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Finally, Northland Securities set a $13.00 price objective on shares of Nokia in a research note on Monday, April 20th.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia introduced agentic AI features designed to self-heal networks, automate troubleshooting, and improve broadband efficiency, which could open a new growth avenue. Why Nokia Stock Jumped 12% Today
• Positive Sentiment: Nokia won a UK appeal that helps block Acer and Asus video-streaming patent lawsuits, reducing legal overhang in a global licensing dispute. Nokia wins UK appeal to block Acer, Asus video streaming patent lawsuits
• Positive Sentiment: Nokia named Siemens veteran Emma Falck to lead Mobile Infrastructure, a move that could support execution and operational performance. Nokia appoints Emma Falck as President of Mobile Infrastructure and member of the Group Leadership Team

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fifth Third Bancorp lifted its position in shares of Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of Nokia by 33,457.1% in the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after buying an additional 4,684 shares during the last quarter. Dorato Capital Management bought a new position in shares of Nokia in the 4th quarter worth about $31,000. Smithfield Trust Co bought a new position in shares of Nokia in the 4th quarter worth about $35,000. Finally, Wexford Capital LP bought a new position in shares of Nokia in the 3rd quarter worth about $29,000. 5.28% of the stock is currently owned by institutional investors.

Nokia Price Performance

NOK stock opened at $14.71 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Nokia has a 52-week low of $4.00 and a 52-week high of $14.83. The stock’s 50 day moving average is $9.73 and its two-hundred day moving average is $7.76. The company has a market capitalization of $84.45 billion, a PE ratio of 91.92, a P/E/G ratio of 2.55 and a beta of 1.12.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. Analysts predict that Nokia will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th were paid a dividend of $0.0468 per share. This is a positive change from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a yield of 1.3%. Nokia’s payout ratio is currently 81.25%.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.