Media coverage about Nokia Oyj (NYSE:NOK) has trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nokia Oyj earned a media sentiment score of 3.00 on their scale. InfoTrie also assigned news stories about the technology company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Nokia Oyj’s score:
- Nokia 2.3 is official! Meet the new ‘budget’ smartphone with Android One! (naijatechguy.com)
- Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ? (finance.yahoo.com)
- Android Circuit: New Galaxy S11 Leaks, Nokia’s 5G Plans, OnePlus Brings The Speed (forbes.com)
- The first Nokia smart TV launches next week (pocket-lint.com)
- HMD Global Announces Nokia 2.3 With Helio A22 SoC, 4000mAh Battery And Android Pie (in.mashable.com)
Several research analysts recently issued reports on NOK shares. Raymond James lowered shares of Nokia Oyj from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $7.50 to $5.00 in a research note on Thursday, October 24th. Zacks Investment Research cut shares of Nokia Oyj from a “hold” rating to a “sell” rating and set a $4.50 price target for the company. in a research report on Monday, October 28th. MKM Partners dropped their price objective on shares of Nokia Oyj from $7.50 to $5.50 and set a “buy” rating on the stock in a research note on Friday, October 25th. Craig Hallum restated a “buy” rating on shares of Nokia Oyj in a report on Friday, August 30th. Finally, Barclays downgraded shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 target price for the company. in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $5.20.
NYSE NOK opened at $3.48 on Friday. Nokia Oyj has a 12 month low of $3.33 and a 12 month high of $6.65. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $3.76 and its 200-day moving average price is $4.77. The stock has a market cap of $19.50 billion, a P/E ratio of 12.89 and a beta of 0.23.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. Nokia Oyj’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, analysts forecast that Nokia Oyj will post 0.22 earnings per share for the current fiscal year.
About Nokia Oyj
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 provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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