Nokia Oyj (NYSE:NOK) Stock Position Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nokia Oyj (NYSE:NOK) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,592 shares of the technology company’s stock after purchasing an additional 2,776 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nokia Oyj were worth $392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj during the 1st quarter worth about $35,000. GAMMA Investing LLC lifted its position in shares of Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares in the last quarter. Simplicity Wealth LLC acquired a new position in Nokia Oyj in the 2nd quarter worth approximately $39,000. Occidental Asset Management LLC purchased a new position in Nokia Oyj during the 2nd quarter worth approximately $40,000. Finally, Arkadios Wealth Advisors acquired a new stake in Nokia Oyj during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Down 1.1 %

NYSE:NOK opened at $4.55 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The company has a market capitalization of $24.81 billion, a P/E ratio of 56.88, a P/E/G ratio of 5.96 and a beta of 1.12. The stock’s 50 day moving average price is $4.45 and its 200 day moving average price is $4.06. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. On average, research analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOK. JPMorgan Chase & Co. decreased their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Northland Securities reaffirmed an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.56.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.