Nokia Oyj (NYSE:NOK) Given New $4.26 Price Target at JPMorgan Chase & Co.

Nokia Oyj (NYSE:NOK) had its price target lowered by JPMorgan Chase & Co. from $4.39 to $4.26 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on NOK. The Goldman Sachs Group cut Nokia Oyj from a buy rating to a neutral rating and dropped their price target for the stock from $5.10 to $3.40 in a research note on Monday, December 18th. BNP Paribas started coverage on Nokia Oyj in a research note on Friday, January 12th. They issued a neutral rating on the stock. Finally, Barclays lowered Nokia Oyj from an equal weight rating to an underweight rating in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $4.42.

Nokia Oyj Stock Performance

NOK stock opened at $3.33 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The firm has a market cap of $18.73 billion, a P/E ratio of 27.71, a P/E/G ratio of 0.93 and a beta of 1.09. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.87. The stock’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.47.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts predict that Nokia Oyj will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Nokia Oyj

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in Nokia Oyj during the fourth quarter worth approximately $34,000. Banque Cantonale Vaudoise lifted its holdings in shares of Nokia Oyj by 48.2% during the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after buying an additional 3,000 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Nokia Oyj during the third quarter worth approximately $37,000. Capital Management Associates Inc acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $34,000. Finally, Tieton Capital Management LLC acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $34,000. Institutional investors own 5.28% of the company’s stock.

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.