Nokia (NYSE:NOK) Trading Up 1.6% – Time to Buy?

Posted by Francis Steltz on Jun 8th, 2026

Nokia Corporation (NYSE:NOK – Get Free Report)’s share price traded up 1.6% on Monday . The stock traded as high as $15.06 and last traded at $14.6150. 102,306,966 shares changed hands during trading, an increase of 35% from the average session volume of 75,920,547 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NOK shares. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, April 27th. Barclays reiterated an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Finally, Arete Research upgraded Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.71.

Read Our Latest Report on Nokia

Nokia Trading Up 1.6%

The company has a market cap of $83.92 billion, a PE ratio of 91.35, a price-to-earnings-growth ratio of 2.78 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $8.75.

Nokia (NYSE:NOK – Get Free Report) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. On average, analysts predict that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Institutional Trading of Nokia

A number of large investors have recently modified their holdings of the stock. Pzena Investment Management LLC increased its position in shares of Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock worth $594,868,000 after acquiring an additional 11,612,590 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Nokia by 9.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock worth $306,167,000 after acquiring an additional 3,896,363 shares during the period. ARGA Investment Management LP increased its position in shares of Nokia by 166.4% during the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock worth $163,921,000 after acquiring an additional 12,734,021 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Nokia by 171.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock worth $113,161,000 after acquiring an additional 11,035,002 shares during the period. Finally, Analog Century Management LP purchased a new stake in shares of Nokia during the fourth quarter worth $104,244,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Company Profile

(Get Free Report)

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.