Nokia Oyj (NYSE:NOK) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Nokia Oyj (NYSE:NOK) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

A number of other analysts have also recently commented on NOK. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday. Northland Securities reissued an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.56.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $4.78 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82. The firm has a fifty day moving average of $4.30 and a 200 day moving average of $3.95. The firm has a market cap of $26.40 billion, a PE ratio of 29.88, a PEG ratio of 5.47 and a beta of 1.12. Nokia Oyj has a one year low of $2.94 and a one year high of $4.82.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NOK. GAMMA Investing LLC grew its position in shares of Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after purchasing an additional 3,427 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in Nokia Oyj by 48.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after buying an additional 3,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nokia Oyj in the 1st quarter worth $35,000. JGP Wealth Management LLC purchased a new position in shares of Nokia Oyj during the 3rd quarter worth $45,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Nokia Oyj during the 2nd quarter valued at about $39,000. 5.28% of the stock is owned by hedge funds and other 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.