Nokia (NYSE:NOK) Shares Gap Up Following Analyst Upgrade

Shares of Nokia Corporation (NYSE:NOK) gapped up prior to trading on Wednesday after Kepler Capital Markets upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $6.47, but opened at $6.77. Nokia shares last traded at $6.7950, with a volume of 11,041,364 shares changing hands.

A number of other research firms also recently issued reports on NOK. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a report on Monday, December 22nd. Danske raised shares of Nokia from a “hold” rating to a “buy” rating in a research report on Friday, November 21st. New Street Research set a $6.57 price target on shares of Nokia in a report on Thursday, November 20th. Raymond James Financial reissued an “outperform” rating on shares of Nokia in a report on Thursday, October 23rd. Finally, Santander lowered Nokia to a “neutral” rating in a research note on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.95.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia reached a licence agreement with Hisense that ends all patent-related litigation — removes legal overhang and potential future royalty uncertainty. Nokia signs licence agreement with Hisense, ending all patent-related litigation
• Positive Sentiment: Nokia won a KPN deal to upgrade the Dutch core network to 800G-ready capacity — a tangible network contract supporting revenue and optical/packet product demand. Nokia strengthens KPN’s Dutch digital infrastructure with 800G-ready core network
• Positive Sentiment: Nokia and Telit Cinterion announced a collaboration to deliver next‑generation mission‑critical connectivity and edge intelligence for AI-powered industrial operations — expands addressable market in industrial IoT and edge AI. Telit Cinterion and Nokia to Deliver Next-Generation Connectivity and Edge Intelligence for AI-Powered Industrial Operations
• Positive Sentiment: Kepler Cheuvreux (Kepler Capital) upgraded Nokia to a “buy,” citing a nearing sales recovery — analyst upgrades can attract flows and validate the recovery thesis. Nokia upgraded to “buy” by Kepler Cheuvreux as sales recovery nears; stock up 4%
• Positive Sentiment: Unusual options activity: traders bought ~119,561 call options (≈129% above average daily call volume), signaling speculative bullish positioning by some market participants.
• Neutral Sentiment: Jim Cramer commented that “Nokia is tough because it’s up against Apple,” a high‑profile media mention that may raise attention but is not a direct financial catalyst. Jim Cramer Says “Nokia Is Tough Because It’s Up Against Apple”
• Neutral Sentiment: Analyst/forecast publications updated expectations and price targets for NOK; useful for investors but incremental compared with the contract and litigation news. Nokia Corporation Sponsored (NOK) Stock Forecasts
• Negative Sentiment: Market action: despite the positives above, NOK shares are trading lower today — short‑term selling or broader market dynamics are outweighing company-specific catalysts in this session.

Hedge Funds Weigh In On Nokia

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Nokia by 50.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after purchasing an additional 14,482,665 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Nokia by 35,010.3% during the third quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock valued at $60,871,000 after buying an additional 12,619,099 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Nokia by 17.0% in the third quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock worth $386,387,000 after buying an additional 11,667,677 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Nokia in the first quarter valued at approximately $45,207,000. Finally, Folketrygdfondet grew its stake in Nokia by 66.6% during the third quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company’s stock valued at $83,600,000 after acquiring an additional 6,950,487 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Stock Down 4.3%

The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.12. The firm has a market cap of $37.30 billion, a P/E ratio of 36.09 and a beta of 0.77. The stock’s fifty day moving average is $6.45 and its two-hundred day moving average is $5.41.

Nokia (NYSE:NOK) last released its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Nokia had a net margin of 4.65% and a return on equity of 8.24%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same period in the previous year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, research analysts anticipate that Nokia Corporation will post 0.34 earnings per share for the current year.

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.