Nokia Oyj (NYSE:NOK)‘s stock had its “hold” rating reiterated by stock analysts at Canaccord Genuity in a note issued to investors on Monday, May 15th, StockTargetPrices.com reports. They currently have a $6.00 price objective on the technology company’s stock. Canaccord Genuity’s price objective would suggest a potential downside of 5.96% from the company’s previous close.

A number of other equities analysts also recently weighed in on NOK. Vetr downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating and set a $5.52 price target on the stock. in a research report on Monday, February 13th. Charter Equity raised Nokia Oyj from an “underperform” rating to a “market perform” rating in a research report on Monday, February 13th. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th. BMO Capital Markets reissued a “market perform” rating and set a $4.00 price target on shares of Nokia Oyj in a research report on Thursday, February 2nd. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Nokia Oyj in a research report on Tuesday, February 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Nokia Oyj has an average rating of “Hold” and an average price target of $10.36.

Analyst Recommendations for Nokia Oyj (NYSE:NOK)

Shares of Nokia Oyj (NYSE:NOK) opened at 6.38 on Monday. Nokia Oyj has a 52 week low of $4.04 and a 52 week high of $6.65. The company’s market cap is $36.26 billion. The company’s 50-day moving average price is $5.81 and its 200 day moving average price is $5.10.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.33 billion. Nokia Oyj had a positive return on equity of 6.17% and a negative net margin of 2.96%. Nokia Oyj’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. On average, equities analysts forecast that Nokia Oyj will post $0.24 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be paid a $0.1824 dividend. The ex-dividend date is Tuesday, May 23rd. Nokia Oyj’s dividend payout ratio (DPR) is currently -142.85%.

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Several large investors have recently modified their holdings of NOK. Cutter & CO Brokerage Inc. boosted its stake in shares of Nokia Oyj by 14.6% in the first quarter. Cutter & CO Brokerage Inc. now owns 21,192 shares of the technology company’s stock valued at $115,000 after buying an additional 2,700 shares during the period. Dynamic Capital Management Ltd bought a new stake in shares of Nokia Oyj during the third quarter valued at about $119,000. Checchi Capital Advisers LLC boosted its stake in shares of Nokia Oyj by 0.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,639 shares of the technology company’s stock valued at $125,000 after buying an additional 134 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Nokia Oyj during the first quarter valued at about $136,000. Finally, Searle & CO. bought a new stake in shares of Nokia Oyj during the fourth quarter valued at about $145,000. Institutional investors and hedge funds own 5.71% of the company’s stock.

About Nokia Oyj

Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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