Nokia Corporation (NYSE:NOK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Nokia Corporation (NYSE:NOK) has received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.5671.

A number of research firms have issued reports on NOK. The Goldman Sachs Group upgraded shares of Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Northland Securities set a $20.00 target price on shares of Nokia in a research note on Wednesday, June 3rd. Nordea Equity Research upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. Finally, Barclays reiterated an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th.

Nokia Stock Performance

NOK stock opened at $12.98 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. The stock has a market cap of $74.51 billion, a P/E ratio of 81.11, a P/E/G ratio of 2.53 and a beta of 1.15. The firm has a 50 day simple moving average of $13.60 and a 200 day simple moving average of $9.55. Nokia has a 52 week low of $4.00 and a 52 week high of $17.45.

Nokia (NYSE:NOK) last posted its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $5.21 billion during the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.05%. Research analysts anticipate that Nokia will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nokia

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after buying an additional 2,721 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Nokia during the third quarter worth approximately $29,000. FNY Investment Advisers LLC boosted its position in shares of Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares during the period. Dorato Capital Management bought a new stake in shares of Nokia in the fourth quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Nokia in the third quarter worth $34,000. 5.28% of the stock is currently owned by institutional investors.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia announced a partnership with Google Cloud to integrate Gemini AI into its network software, aiming to improve automation for telecom operators, cloud providers, and data center customers. This supports the case that Nokia’s software and networking business could benefit from AI demand. Nokia (NYSE:NOK) Taps Google Cloud Gemini To Recast Its Network Software Future
• Positive Sentiment: Nokia said its Defense unit will join a Finnish Border Guard consortium to develop counter-drone capabilities, highlighting a new public-safety and critical-infrastructure use case for its connectivity products. Nokia to provide intelligent connectivity for Finnish Border Guard counter-drone initiative nationwide
• Positive Sentiment: Additional coverage says Nokia is expanding ties with AWS, Google Cloud, and Databricks to build AI-driven autonomous telecom networks, which could strengthen its position in the next generation of network infrastructure. Nokia (HLSE:NOKIA) Expands AWS Google Cloud And Databricks Ties For AI Networks
• Neutral Sentiment: One article framed Nokia as a possible comeback story alongside other former tech leaders, but this was mostly commentary rather than a new business catalyst. BlackBerry, IBM, and Nokia Are All Trying to Come Back. History Says Only One Survives
• Neutral Sentiment: Other reports about Nokia becoming an AI infrastructure play or being mentioned by a social-media “stock tracker” after Trump praised U.S. investment plans may have added sentiment support, but they do not appear to change fundamentals on their own. Nancy Pelosi Stock Tracker Flags Eli Lilly, Nokia After Trump Praise: ‘Keep An Eye On These Two’
• Neutral Sentiment: A separate report said Nokia is seeking a product lead for its data center switching strategy, which signals ongoing investment but is not likely to move the stock immediately. Nokia seeks product lead to spearhead data center switching strategy

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.