Nokia Oyj (NOK) Shares Gap Up to $4.97

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Nokia Oyj (NYSE:NOK) shares gapped up before the market opened on Friday . The stock had previously closed at $4.82, but opened at $4.97. Nokia Oyj shares last traded at $5.12, with a volume of 1230306 shares changing hands.

A number of research analysts have recently commented on the stock. Canaccord Genuity restated a “buy” rating and set a $7.00 price target on shares of Nokia Oyj in a research report on Friday, April 26th. Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $5.72 price target for the company. in a research report on Monday, April 15th. Nordea Equity Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, ValuEngine lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Nokia Oyj presently has an average rating of “Hold” and an average price target of $6.83.

The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $28.85 billion, a PE ratio of 18.96 and a beta of 0.27.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). Nokia Oyj had a positive return on equity of 6.97% and a negative net margin of 2.65%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Nokia Oyj will post 0.24 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Creative Planning lifted its stake in Nokia Oyj by 2.5% in the fourth quarter. Creative Planning now owns 79,848 shares of the technology company’s stock worth $465,000 after purchasing an additional 1,917 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Nokia Oyj by 7.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 32,534 shares of the technology company’s stock worth $186,000 after purchasing an additional 2,170 shares during the last quarter. Keybank National Association OH lifted its stake in Nokia Oyj by 5.8% in the fourth quarter. Keybank National Association OH now owns 42,333 shares of the technology company’s stock worth $246,000 after purchasing an additional 2,326 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Nokia Oyj by 6.0% in the first quarter. Quadrant Capital Group LLC now owns 42,560 shares of the technology company’s stock worth $234,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Nokia Oyj by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 140,993 shares of the technology company’s stock worth $806,000 after purchasing an additional 2,429 shares during the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

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Nokia Oyj Company Profile (NYSE:NOK)

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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