Media coverage about Nokia Oyj (NYSE:NOK) has been trending somewhat positive this week, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nokia Oyj earned a daily sentiment score of 1.00 on their scale. InfoTrie also gave media headlines about the technology company an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Nokia Oyj’s analysis:
- Nokia Oyj (NYSE:NOK) Assists Hutchison 3 Boost Its Network Efficiency (financialstrend.com)
- Nokia and Infosys establish strategic alliance to support the digital transformation of major industries and enterprises (finance.yahoo.com)
- Nokia and China Unicom deploy private LTE network for smart manufacturing services at BMW plant in China (finance.yahoo.com)
- Nokia unveils ‘Future X for industries’ strategy and architecture to catalyze productivity and economic growth in the Industry 4.0 era (finance.yahoo.com)
- Port of Hamburg: 5G applications pass field test (finance.yahoo.com)
Several analysts recently commented on the company. Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a report on Monday, July 16th. BMO Capital Markets reiterated a “hold” rating and issued a $5.00 target price on shares of Nokia Oyj in a report on Thursday, July 26th. Nordea Equity Research upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 27th. ValuEngine upgraded Nokia Oyj from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $5.92.
NOK traded down $0.06 during trading on Friday, hitting $5.87. The company’s stock had a trading volume of 11,833,202 shares, compared to its average volume of 15,358,746. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.29. The firm has a market cap of $33.00 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, October 25th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.56 billion. Research analysts predict that Nokia Oyj will post 0.26 EPS for the current fiscal year.
About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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