KIANEWS A moderate buy consensus rating was given to Nokia shares
08. 01. 2023 Sunday / By: Robert Denes / Business / Exact time: BST / Print this page
A ccording to Bloomberg, the fifteen brokerages following Nokia Oyj have given the stock a “Moderate Buy” rating on average, indicating that investors should consider buying the stock. The stock received this recommendation during trading.
In addition, ten equity research specialists recommended buying the stock, while only three of the experts recommended holding the stock. Most brokerages that have updated their coverage on the stock in the last year are forecasting the stock to reach $5.87 within the next twelve months.
In recent reports, analysts have primarily focused their attention on NOK. StockNews.com changed its recommendation on Nokia Oyj from a “hold” rating to a “buy” rating in a report on the company's stock published on November 1st. Previously, the recommendation was "hold". Raymond James cut their target price on Nokia Oyj from $7.00 to $6.50 in a report issued on Friday, October 21st. Even though this amendment was made, the business was rated as 'outperformer'. The report was published on November 8 and announced that Morgan Stanley will start coverage on Nokia Oyj.
According to their system, the company was classified as "of equal weight". Redburn Partners initiated coverage of Nokia Oyj in a widely circulated report published on September 26. They recommended the stockholders a “buy” rating and set a price target of $6.70 per share. Deutsche Bank Aktiengesellschaft rated the company's stock as a “buy” and decreased their price target on Nokia Oyj from €6.00 ($6.38) to €5.50 ($5.85) in a report on November 9th. buy" rating. According to the research results, the company received a "buy" rating.
On Friday, when trading first started, the price of one NOK share was set at $4.83. The company's moving average over the previous 50 days is $4.70 and the moving average over the previous 200 days is $4.74. Over the past 52 weeks, Nokia Oyj's share price has ranged from $4.08 to $6.26. The company has a market value of $27.20 billion; price/earnings ratio 13.80, price/earnings/growth ratio 5.86, beta value 0.90. These indicators show that the company has adequate financial resources. Additionally, the current ratio to the quick index is 1.60; the current ratio to the quick index is 1.36; and the debt-to-equity ratio is 0.23%.
The latest earnings report of Nokia Oyj, traded on the New York Stock Exchange under the symbol NOK, was published on October 20. It revealed that the tech company's earnings for the previous quarter were $0.10, which was in line with analysts' estimates. it was predicted that they would prepare for this period. Nokia Oyj achieved a return on equity of 12.13 percent, and the company's net margin was 7.45 percent. The company reported revenue of $6.29 billion for the quarter, which was well ahead of the $6.27 billion expected by industry analysts. This is an excellent result for the company. According to most financial experts, Nokia Oyj will post earnings of $0.42 per share for the current fiscal year.
In addition, the company previously announced and paid a quarterly dividend, which took place on November 8 after the dividend was paid. On October 25, a dividend of $0.0136 per share was paid to shareholders recognized by the company as owners of the business. The dividend was distributed on October 24. The end result is a yield of 1.13% with a dividend payment of $0.05 per year. Currently, Nokia Oyj's dividend payout ratio (aka DPR) is 14.29%.
In the past period, the change in the total value of NOK held by the institutions showed an increase and a decrease. In the third quarter, O'Dell Group LLC paid $26,000 to Nokia Oyj. Nokia Oyj received this consent. Bessemer Group Inc. grew its holdings in Nokia Oyj by 62.1% in the third quarter, bringing its total stake to 100%. Bessemer Group Inc. now owns 6,904 shares of the technology company’s stock after purchasing an additional 2,644 shares in the most recent period. Bessemer Group Inc. has a total of 6,904 shares with a total value of $29,000. In the second quarter of 2018, SeaCrest Wealth Management LLC made a financial investment of $30,000 in Nokia Oyj. Additionally, Oliver Lagore Vanvalin Investment Group contributed $33. 000 to Nokia Oyj in the first three months of the year. In the last step of the process, Ronald Blue Trust Inc. increased its stake in Nokia Oyj the second by purchasing an additional $40,000 investment in quarter k. About 7.57% of all shares issued by the company are owned by hedge funds and other institutional investors.
Nokia Oyj is one of the world's most successful companies in the provision of mobile, fixed and cloud network technologies. Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies are the four divisions of the company. In addition to providing goods and services for microwave radio connectivity in transport networks, it also provides goods and services for 2G to 5G radio access networks.
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