Brokerages Set Nokia Oyj (NOK) Price Target at $10.79

Brokerages Set Nokia Oyj (NOK) Price Target at $10.79

Shares of Nokia Oyj (NYSE:NOK) have earned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the firm. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.90.

Several research firms have recently weighed in on NOK. Canaccord Genuity reissued a “hold” rating and issued a $6.00 price objective on shares of Nokia Oyj in a research report on Friday. Vetr cut Nokia Oyj from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Wednesday. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Nokia Oyj in a research report on Thursday, April 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $5.00 price objective on shares of Nokia Oyj in a research report on Thursday, April 27th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Capital Management Ltd bought a new position in Nokia Oyj during the third quarter valued at about $119,000. Checchi Capital Advisers LLC raised its position in 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 in the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in Nokia Oyj during the first quarter valued at about $136,000. Searle & CO. bought a new position in Nokia Oyj during the fourth quarter valued at about $145,000. Finally, Menora Mivtachim Holdings LTD. raised its position in Nokia Oyj by 74.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 30,500 shares of the technology company’s stock valued at $147,000 after buying an additional 13,000 shares in the last quarter. Hedge funds and other institutional investors own 5.71% of the company’s stock.

Nokia Oyj (NYSE:NOK) traded up 2.49% during trading on Monday, reaching $6.18. 30,516,443 shares of the company’s stock traded hands. Nokia Oyj has a 12 month low of $4.04 and a 12 month high of $6.19. The stock’s market capitalization is $35.12 billion. The company has a 50-day moving average of $5.44 and a 200 day moving average of $4.93.

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

The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.1816 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a yield of 3.4%. Nokia Oyj’s dividend payout ratio is currently -142.85%.

Nokia Oyj Company Profile

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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