Nokia Oyj’s (NOK) “Neutral” Rating Reiterated at Goldman Sachs Group

Nokia Oyj (NYSE:NOK)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group in a report released on Thursday, Marketbeat Ratings reports.

A number of other research firms also recently commented on NOK. BNP Paribas downgraded Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Thursday, September 21st. UBS Group restated a “buy” rating on shares of Nokia Oyj in a report on Wednesday, September 20th. Vetr upgraded Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.37 price objective on the stock in a report on Monday, September 25th. Argus downgraded Nokia Oyj from a “buy” rating to a “hold” rating and increased their price target for the company from $4.76 to $4.91 in a report on Monday, October 30th. Finally, Credit Suisse Group downgraded Nokia Oyj from an “outperform” rating to a “neutral” rating and increased their price target for the company from $4.89 to $5.00 in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.51.

Nokia Oyj (NOK) remained flat at $$4.84 during trading hours on Thursday. The company had a trading volume of 12,564,644 shares, compared to its average volume of 12,110,000. Nokia Oyj has a 12-month low of $4.50 and a 12-month high of $6.65. The stock has a market cap of $28,400.00, a price-to-earnings ratio of -48.40, a P/E/G ratio of 1.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Nokia Oyj had a positive return on equity of 9.88% and a negative net margin of 2.09%. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. analysts expect that Nokia Oyj will post 0.33 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Institute for Wealth Management LLC. acquired a new position in Nokia Oyj during the second quarter valued at approximately $116,000. Tiedemann Wealth Management LLC acquired a new stake in shares of Nokia Oyj in the third quarter worth $114,000. Strategic Global Advisors LLC acquired a new stake in shares of Nokia Oyj in the third quarter worth $143,000. CIBC World Markets Inc. grew its stake in shares of Nokia Oyj by 26.7% in the second quarter. CIBC World Markets Inc. now owns 26,594 shares of the technology company’s stock worth $164,000 after acquiring an additional 5,610 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Nokia Oyj in the third quarter worth $190,000. Institutional investors own 5.86% of the company’s stock.

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About Nokia Oyj

Nokia Oyj is a Finland-based company 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.

Analyst Recommendations for Nokia Oyj (NYSE:NOK)

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