Nokia Oyj (NOK) Receives $11.52 Consensus PT from Brokerages

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Similarly, the company's last 5 years high P/E ratio is 83.21 and low P/E is 9.93, whereas, the industry's and sector's high P/E for the past year is 11.45 and 23.57 respectively and low P/E ratio for the last 5 years is 6.94 for the industry and 9.75 for the Sector.

NOK has been the topic of several research analyst reports. Canaccord Genuity reissued a "hold" rating and set a $5.00 target price on shares of Nokia Oyj in a research report on Tuesday, February 7th. Finally, Charter Equity raised Nokia Oyj from an "underperform" rating to a "market perform" rating in a research report on Monday, February 13th. Zacks Investment Research raised shares of Nokia Oyj from a "sell" rating to a "hold" rating in a report on Monday, May 1st. The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Neutral" rating by BNP Paribas on Friday, October 28. As per Thursday, September 3, the company rating was maintained by Bernstein. Nokia Oyj has a 52-week low of $4.04 and a 52-week high of $6.65. The company has market cap of $37.40 billion. The stock has a 50 day moving average of $5.81 and a 200-day moving average of $5.10.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, April 27th.

EPS is often the first number companies report to shareholders in their quarterly earnings calls. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.33 billion.

Nokia Corporation (NOK) closed its previous trading session at $6.39 with the loss of -2.29%. The firm's revenue was down 3.8% on a year-over-year basis. The current share price indicate that stock is -53.67% away from its one year high and is moving 39.00% ahead of its 52-week low.

The firm also recently disclosed a dividend, which will be paid on Friday, June 9th. In the first quarter of fiscal 2018, the Company recorded a $6.3 million pre-tax charge, with a related tax benefit of $1.9 million, or $0.19 per diluted share, related to its previously announced cost savings initiatives. The ex-dividend date of this dividend is Tuesday, May 23rd.

Nokia Corporation (NOK) now has a Return on Assets (ROA) value of 0 Percent.

A number of hedge funds have recently modified their holdings of NOK. Cutter & CO Brokerage Inc. increased its stake in Nokia Oyj by 14.6% in the first quarter. Private Advisor Group LLC now owns 38,121 shares of the technology company's stock valued at $182,000 after buying an additional 6,024 shares during the period. Checchi Capital Advisers LLC increased its stake in Nokia Oyj by 0.6% in the third 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 during the last quarter. HighTower Advisors LLC now owns 163,012 shares of the technology company's stock worth $883,000 after buying an additional 7,765 shares in the last quarter.

Many investors think of dividend-paying companies as boring, low-return investment opportunities.

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  • Zachary Reyes