Commerzbank Aktiengesellschaft FI decreased its holdings in Nokia Oyj (NYSE:NOK) by 73.1% in the fourth quarter, Holdings Channel reports. The fund owned 53,674 shares of the technology company’s stock after selling 146,152 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nokia Oyj were worth $250,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in NOK. Tiedemann Wealth Management LLC acquired a new stake in Nokia Oyj in the 3rd quarter valued at about $114,000. Strategic Global Advisors LLC acquired a new stake in Nokia Oyj in the 3rd quarter valued at about $143,000. ZWJ Investment Counsel Inc. acquired a new stake in Nokia Oyj in the 3rd quarter valued at about $190,000. Well Done LLC acquired a new stake in Nokia Oyj in the 3rd quarter valued at about $207,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Nokia Oyj in the 2nd quarter valued at about $215,000. Institutional investors own 5.84% of the company’s stock.
Shares of Nokia Oyj (NYSE NOK) opened at $5.51 on Thursday. The stock has a market cap of $31,750.00, a P/E ratio of -17.22, a PEG ratio of 1.92 and a beta of 1.31. The company has a current ratio of 1.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Nokia Oyj has a 1-year low of $4.51 and a 1-year high of $6.65.
A number of research firms have commented on NOK. Vetr downgraded shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 price objective for the company. in a report on Monday. Goldman Sachs Group reiterated a “neutral” rating on shares of Nokia Oyj in a report on Thursday, January 18th. Credit Suisse Group downgraded shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $4.89 to $5.00 in a report on Friday, January 5th. Canaccord Genuity cut their price objective on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating for the company in a report on Friday, October 27th. Finally, Bank of America upgraded shares of Nokia Oyj from a “neutral” rating to a “buy” rating in a report on Monday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.74.
About Nokia Oyj
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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