Nokia Oyj (NYSE:NOK) was upgraded by equities researchers at Danske from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
NOK has been the topic of several other research reports. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Canaccord Genuity set a $107.00 price target on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Goldman Sachs Group set a GBX 4,300 ($56.19) target price on shares of ASOS and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Nordea Equity Research raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Nokia Oyj has an average rating of “Hold” and an average target price of $6.83.
NOK stock opened at $5.16 on Tuesday. The stock has a market cap of $28.85 billion, a P/E ratio of 19.11 and a beta of 0.25. Nokia Oyj has a 12 month low of $4.71 and a 12 month high of $6.65. The business has a 50-day moving average of $5.06. The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 0.30.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation N.A. purchased a new position in Nokia Oyj during the 1st quarter valued at about $28,000. Truvestments Capital LLC increased its position in Nokia Oyj by 1,375.2% during the 2nd quarter. Truvestments Capital LLC now owns 4,942 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,607 shares during the period. Sterling Investment Advisors Ltd. purchased a new position in Nokia Oyj during the 1st quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC purchased a new position in Nokia Oyj during the 1st quarter valued at about $29,000. Finally, Bremer Bank National Association purchased a new position in Nokia Oyj during the 1st quarter valued at about $30,000. 7.70% of the stock is currently owned by institutional investors and hedge funds.
About Nokia Oyj
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).
See Also: Return on Investment (ROI)
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