Nokia Oyj (NYSE:NOK) Upgraded by StockNews.com to “Strong-Buy” Rating

Nokia Oyj (NYSE:NOK) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the company. Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. Craig Hallum upped their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a research note on Thursday, January 16th. Finally, Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Price Performance

Nokia Oyj stock traded up $0.08 during mid-day trading on Thursday, hitting $4.69. The company’s stock had a trading volume of 12,339,483 shares, compared to its average volume of 15,508,438. The stock has a market capitalization of $25.55 billion, a P/E ratio of 58.58, a P/E/G ratio of 5.72 and a beta of 1.06. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95. The stock’s fifty day moving average price is $4.41 and its two-hundred day moving average price is $4.30. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

Institutional Trading of Nokia Oyj

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. increased its position in Nokia Oyj by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock worth $3,787,000 after purchasing an additional 96,144 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Nokia Oyj by 3.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 170,261 shares of the technology company’s stock worth $644,000 after buying an additional 5,246 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Nokia Oyj by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,165 shares of the technology company’s stock valued at $101,000 after acquiring an additional 3,647 shares in the last quarter. Profund Advisors LLC lifted its stake in Nokia Oyj by 3.0% in the second quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after acquiring an additional 3,349 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Nokia Oyj in the second quarter worth approximately $2,501,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

About Nokia Oyj

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.