BCS Wealth Management Buys New Shares in Nokia Oyj (NYSE:NOK)

BCS Wealth Management purchased a new position in Nokia Oyj (NYSE:NOK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the technology company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after buying an additional 3,427 shares during the period. Pinnacle Associates Ltd. bought a new position in Nokia Oyj in the third quarter worth approximately $44,000. JGP Wealth Management LLC acquired a new stake in Nokia Oyj in the third quarter valued at approximately $45,000. PEAK6 Investments LLC bought a new stake in shares of Nokia Oyj during the third quarter valued at approximately $45,000. Finally, Wedmont Private Capital acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $47,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.53 on Wednesday. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The company has a market cap of $24.70 billion, a P/E ratio of 56.63, a P/E/G ratio of 5.80 and a beta of 1.06. The firm has a 50-day moving average of $4.41 and a 200-day moving average of $4.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Equities research analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NOK has been the subject of several research reports. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Craig Hallum lifted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Northland Securities reiterated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $4.35 to $6.35 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.62.

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.