Investment Activity - FNY Investment Advisers LLC acquired a new position in Nokia worth $34,000 during the second quarter [1] - First Horizon Advisors Inc. increased its stake in Nokia by 677.1% during the second quarter, now owning 8,486 shares valued at $44,000 after purchasing an additional 7,394 shares [1] - Park National Corp OH and Eagle Strategies LLC also acquired new positions in Nokia during the third and second quarters, valued at $51,000 and $52,000 respectively [1] - World Investment Advisors acquired a new stake in Nokia during the second quarter valued at approximately $54,000 [1] - Institutional investors and hedge funds own 5.28% of Nokia's stock [1] Stock Performance - Nokia shares opened at $7.07, with a fifty-day moving average of $6.49 and a 200-day moving average of $5.64 [2] - The company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 54.39, and a price-to-earnings-growth ratio of 2.38 [2] - Nokia's debt-to-equity ratio is 0.11, with a quick ratio of 1.36 and a current ratio of 1.58 [2] - The stock has a one-year low of $4.00 and a one-year high of $8.19 [2] Analyst Ratings - Kepler Capital Markets upgraded Nokia from a "hold" to a "buy" rating [3] - Morgan Stanley raised Nokia from an "equal weight" to an "overweight" rating [3] - UBS Group maintained a "neutral" rating on Nokia [3] - JPMorgan Chase & Co. increased their price target on Nokia from $7.10 to $8.00, maintaining an "overweight" rating [3] - New Street Research set a price objective of $6.57 for Nokia [3] - The consensus rating for Nokia is "Moderate Buy" with an average price target of $6.77 [3] Company Overview - Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with a history dating back to 1865 [5] - The company has transitioned from forestry and cable operations to electronics and telecommunications, becoming well-known for mobile phones in the 1990s and 2000s [5] - Recently, Nokia has refocused on network infrastructure, software, technology licensing, and research and development after divesting its handset manufacturing business and acquiring Alcatel-Lucent in 2016 [5][6]