Recent Research Analysts’ Ratings Updates for Nokia Oyj (NOK)

Nokia Oyj (NYSE: NOK) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2019 – Nokia Oyj was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $7.50 price target on the stock, up previously from $4.75.
  • 1/4/2019 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nokia boasts a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. The company is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Nokia announced plans to accelerate strategy execution, sharpen customer focus and reduce long-term costs. This should help the company position itself for long-term 5G leadership. The stock has outperformed the industry in the past year on an average. However, adverse impact of foreign currency movement remains a cause of concern. The company’s cash flow yield has decreased form 15.95% in 2014 to 1.73% in 2018, indicating lapses in sound financial management. Brexit could result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering productivity of the company.”
  • 1/3/2019 – Nokia Oyj was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $7.50 price target on the stock, up previously from $5.00.
  • 12/31/2018 – Nokia Oyj had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $6.25 price target on the stock. According to Zacks, “Nokia has a leading position in mobile and fixed network infrastructure with the industry’s most complete and end-to-end portfolio of products. It facilitates customers to move from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and automation. The company is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Rollouts of next-generation 5G networks are expected to improve market conditions significantly in 2019 and beyond. Nokia announced plans to accelerate strategy execution, sharpen customer focus and reduce long-term costs. This should help the company to better position itself for 5G leadership. The stock has outperformed the industry in the past year on an average. However, adverse foreign currency translation and lapses in sound financial management remain headwinds.”
  • 12/18/2018 – Nokia Oyj was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nokia maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. The company is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Nokia remains focused on its strategy that hinges on four strategic priorities. This should help the company position itself for long-term 5G leadership. The stock has outperformed the industry in the past year on an average. However, adverse impact of foreign currency movement remains a cause of concern. The company’s cash flow yield has decreased form 15.95% in 2014 to 0.42% in 2017, indicating lapses in sound financial management. Brexit could result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering productivity of the company.”
  • 12/17/2018 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.75 price target on the stock. According to Zacks, “Nokia maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. The company is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Nokia is well-positioned for the upcoming technology cycle given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging with notable successes in the key 5G markets of the United States and China. In addition, Nokia remains focused on its strategy that hinges on four strategic priorities. This should help the company position itself for long-term 5G leadership. The stock has outperformed the industry in the past year on an average. However, adverse impact of foreign currency movement remains a cause of concern for the company, particularly after the Brexit referendum.”
  • 12/11/2018 – Nokia Oyj was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/30/2018 – Nokia Oyj was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nokia maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. Nokia facilitates customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation. The company is continuously expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond primary markets. The stock has outperformed the industry in the past year on average. However, Brexit could result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. In addition, Nokia is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Adverse foreign currency translation and lapses in sound financial management remain additional headwinds.”
  • 11/29/2018 – Nokia Oyj was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.25 price target on the stock. According to Zacks, “Nokia maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. Nokia facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. The company is continuously expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Rollouts of next-generation 5G networks are anticipated to improve market conditions significantly in 2019 and 2020. The stock has outperformed the industry in the past year on an average. However, Brexit could result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”
  • 11/15/2018 – Nokia Oyj was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nokia continues to execute strategy with good progress in Nokia Software. The company maintains a leading position in mobile and fixed network infrastructure with the industry’s most complete, end-to-end portfolio of products. Rollouts of 5G networks are anticipated to improve market conditions in 2019 and beyond. The stock has outperformed the industry in the past three months on an average. However, the company delivered tepid results in third-quarter 2018 with year-over-year decrease in both non-IFRS top- and bottom-line numbers. Nokia’s top line is being impacted by foreign currency fluctuations and soft market conditions particularly in North America. The company’s international presence exposes it to political and economic disruptions which can directly impact its profits. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”

Nokia Oyj stock opened at $6.08 on Monday. Nokia Oyj has a fifty-two week low of $4.75 and a fifty-two week high of $6.41. The company has a market capitalization of $35.00 billion, a PE ratio of 16.43, a PEG ratio of 1.64 and a beta of 0.41. The company has a current ratio of 1.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 25th. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Nokia Oyj had a negative net margin of 4.12% and a positive return on equity of 8.03%. On average, equities research analysts predict that Nokia Oyj will post 0.27 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of NOK. BB&T Securities LLC acquired a new stake in shares of Nokia Oyj in the 2nd quarter valued at approximately $105,000. Belpointe Asset Management LLC acquired a new stake in Nokia Oyj during the 3rd quarter valued at $190,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Nokia Oyj by 31.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,077 shares of the technology company’s stock worth $224,000 after buying an additional 9,657 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Nokia Oyj by 816.1% during the second quarter. Envestnet Asset Management Inc. now owns 40,988 shares of the technology company’s stock worth $236,000 after buying an additional 36,514 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in shares of Nokia Oyj by 63.4% during the second quarter. Centaurus Financial Inc. now owns 42,561 shares of the technology company’s stock worth $245,000 after buying an additional 16,511 shares in the last quarter. Institutional investors and hedge funds own 6.92% of the company’s stock.

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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