Analysts Set Nokia (NOK) PT at $5.51

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.

How to Become a New Pot Stock Millionaire

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.

Shares of Nokia stock traded up $0.04 during trading hours on Friday, reaching $5.47. The stock had a trading volume of 11,064,452 shares, compared to its average volume of 13,388,123. The company has a market cap of $30,804.34, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05. Nokia has a twelve month low of $4.51 and a twelve month high of $6.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.56.

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%.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Nokia (NOK) PT at $5.51” was first reported by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.wkrb13.com/2018/04/01/analysts-set-nokia-nok-pt-at-5-51.html.

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.

Analyst Recommendations for Nokia (NYSE:NOK)

Receive News & Ratings for Nokia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply