Nokia Oyj (NYSE:NOK) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in shares of Nokia Oyj (NYSE:NOK) by 70.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,178 shares of the technology company’s stock after acquiring an additional 19,863 shares during the quarter. National Bank of Canada FI’s holdings in Nokia Oyj were worth $213,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter worth about $45,000. D.A. Davidson & CO. acquired a new position in Nokia Oyj during the 4th quarter valued at approximately $46,000. Wedmont Private Capital acquired a new stake in shares of Nokia Oyj in the 4th quarter worth about $47,000. Wealthstream Advisors Inc. bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nokia Oyj during the 4th quarter valued at $58,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Stock Down 2.1 %

Nokia Oyj stock opened at $4.83 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $26.31 billion, a P/E ratio of 19.30, a P/E/G ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.48. The firm’s fifty day simple moving average is $5.04 and its 200-day simple moving average is $4.67.

Nokia Oyj (NYSE:NOK) last posted its earnings results 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 net margin of 6.54% and a return on equity of 10.30%. Sell-side analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.