Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Nokia (NYSE:NOK)


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Nokia (NYSE:NOK)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Bank of America cut shares of Nokia from a “buy” rating to a “neutral” rating in a research report on Friday, October 30th. UBS Group reissued a “buy” rating on shares of Nokia in a research note on Friday, October 30th. ValuEngine upgraded Nokia from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 5th. DZ Bank cut Nokia from a “buy” rating to a “sell” rating in a report on Friday, October 30th. Finally, BNP Paribas upgraded Nokia from an “underperform” rating to a “neutral” rating in a report on Friday, October 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.98.

NYSE:NOK opened at $3.98 on Tuesday. Nokia has a 1-year low of $2.34 and a 1-year high of $5.14. The company has a current ratio of 1.53, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $4.00 and a 200 day simple moving average of $4.20. The stock has a market capitalization of $22.36 billion, a PE ratio of 26.53, a P/E/G ratio of 10.64 and a beta of 0.76.

Nokia (NYSE:NOK) last released its earnings results on Thursday, October 29th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Nokia had a net margin of 3.31% and a return on equity of 9.34%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.41 billion. On average, equities analysts predict that Nokia will post 0.26 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new stake in shares of Nokia during the third quarter valued at approximately $28,000. FormulaFolio Investments LLC bought a new stake in shares of Nokia during the third quarter valued at approximately $40,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Nokia during the third quarter valued at approximately $41,000. Canton Hathaway LLC bought a new stake in shares of Nokia during the third quarter valued at approximately $41,000. Finally, Howard Wealth Management LLC bought a new stake in shares of Nokia during the third quarter valued at approximately $40,000. Institutional investors own 4.42% of the company’s stock.

Nokia Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services.

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