Nokia Oyj (NYSE:NOK – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.35 and last traded at $5.37, with a volume of 77212 shares changing hands. The stock had previously closed at $5.33.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on NOK shares. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Craig Hallum raised their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.
Get Our Latest Research Report on NOK
Nokia Oyj Price Performance
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Research analysts predict that Nokia Oyj will post 0.34 EPS for the current fiscal year.
Institutional Trading of Nokia Oyj
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PEAK6 Investments LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter worth approximately $45,000. Foundations Investment Advisors LLC purchased a new position in Nokia Oyj in the fourth quarter valued at approximately $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the fourth quarter valued at approximately $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj in the fourth quarter valued at approximately $47,000. Finally, Wealthstream Advisors Inc. purchased a new position in Nokia Oyj in the fourth quarter valued at approximately $49,000. 5.28% of the stock is owned by institutional investors.
Nokia Oyj Company Profile
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.
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