Nokia (NYSE:NOK) has been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.57.
A number of analysts have recently commented on the stock. Vetr cut shares of Nokia from a “strong-buy” rating to a “hold” rating and set a $5.54 target price for the company. in a research note on Monday, February 5th. Goldman Sachs reissued a “neutral” rating on shares of Nokia in a research note on Thursday, January 18th. Credit Suisse Group cut shares of Nokia from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $4.89 to $5.00 in a research note on Friday, January 5th. Canaccord Genuity reissued a “hold” rating and set a $6.00 target price on shares of Nokia in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Nokia from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th.
A number of hedge funds and other institutional investors have recently made changes to their positions in NOK. Centaurus Financial Inc. purchased a new stake in Nokia during the 4th quarter valued at about $102,000. Tiedemann Wealth Management LLC purchased a new stake in Nokia during the 3rd quarter valued at about $114,000. Quantitative Systematic Strategies LLC purchased a new stake in Nokia during the 4th quarter valued at about $116,000. Strategic Global Advisors LLC purchased a new stake in Nokia during the 3rd quarter valued at about $143,000. Finally, Paloma Partners Management Co grew its stake in Nokia by 192.8% during the 4th quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock valued at $146,000 after acquiring an additional 20,644 shares in the last quarter. 6.64% of the stock is owned by institutional investors.
Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.41 billion. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. equities research analysts forecast that Nokia will post 0.31 EPS for the current year.
The firm also recently disclosed a special dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 1st will be paid a dividend of $0.2364 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a yield of 3.5%. Nokia’s dividend payout ratio is presently 35.14%.
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Nokia Company Profile
Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.
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