Nokia Oyj (NYSE:NOK – Get Free Report) was upgraded to a “strong buy” rating from a “buy” rating by equities researchers StockNews.com in a report published Wednesday.

Nokia Oyj shares fall 1.2%

NOK opened at $4.11 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 4.79 and a beta of 1.12. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.18. The company’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.72.

Nokia Oyj (NYSE:NOK – Get Free Report) last released its quarterly results on Thursday, July 18. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. Equity research analysts expect Nokia Oyj to report 0.37 EPS for the current fiscal year.

Nokia Oyj Institutional Trading

Several hedge funds have recently bought and sold shares of NOK. Artisan Partners Limited Partnership increased its position in shares of Nokia Oyj by 5.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company worth $365,152,000 after purchasing an additional 5,087,927 shares in the last quarter. Pzena Investment Management LLC increased its stake in Nokia Oyj by 22.3% in the second quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company worth $311,943,000 after purchasing an additional 15,035,360 shares in the last quarter. Sei Investments Co. increased its stake in shares of Nokia Oyj by 1.5% in the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company worth $9,467,000 after purchasing an additional 40,264 shares in the last quarter. TSP Capital Management Group LLC increased its holdings in shares of Nokia Oyj by 89.2% in the first quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company worth $7,715,000 after purchasing an additional 1,027,600 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Nokia Oyj by 98.3% in the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company worth $6,193,000 after purchasing an additional 867,297 shares in the last quarter. 5.28% of the shares are currently held by institutional investors and hedge funds.

About Nokia Oyj

(Get free report)

Nokia Oyj provides mobile, fixed and cloud networking 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, edge and core routing for residential, mobile, enterprise and cloud applications; optical networking solutions, providing optical transport networks for metro, regional, long-haul and subsea applications; and submarine networks for submarine cable transmission.

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