JPMorgan Chase & Co. Cuts Nokia Oyj (NYSE:NOK) Price Target to $4.35

Nokia Oyj (NYSE:NOK) had its price objective decreased by JPMorgan Chase & Co. from $4.36 to $4.35 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

NOK has been the subject of a number of other reports. 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 raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Friday, October 18th. Northland Securities restated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Nokia Oyj has an average rating of “Hold” and an average target price of $4.56.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock opened at $4.80 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.82. The firm’s 50 day moving average is $4.33 and its two-hundred day moving average is $3.96. The firm has a market capitalization of $26.36 billion, a P/E ratio of 59.94, a P/E/G ratio of 6.07 and a beta of 1.12.

Institutional Investors Weigh In On Nokia Oyj

Several large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise increased its stake in Nokia Oyj by 48.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after buying an additional 3,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Nokia Oyj during the first quarter worth about $35,000. GAMMA Investing LLC raised its holdings in Nokia Oyj by 67.0% during the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after purchasing an additional 3,427 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Nokia Oyj in the first quarter valued at about $38,000. Finally, Simplicity Wealth LLC purchased a new stake in Nokia Oyj in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Company Profile

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.