Nokia Corporation (NOK) Receiving Somewhat Positive News Coverage, Report Finds

Media stories about Nokia Corporation (NYSE:NOK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nokia Corporation earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.6624701420087 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Nokia Corporation (NYSE NOK) opened at 5.83 on Friday. The stock’s market capitalization is $32.95 billion. The company’s 50-day moving average is $6.05 and its 200-day moving average is $6.07. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65.

Nokia Corporation (NYSE:NOK) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. Nokia Corporation’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. Equities research analysts expect that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

NOK has been the subject of several analyst reports. Zacks Investment Research downgraded Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Vetr upgraded Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 price target for the company in a report on Monday, September 25th. BNP Paribas downgraded Nokia Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, September 21st. Credit Suisse Group reiterated a “neutral” rating on shares of Nokia Corporation in a report on Sunday, July 30th. Finally, BidaskClub downgraded Nokia Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.86.

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Nokia Corporation Company Profile

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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