Nokia Oyj (NOK) Earning Somewhat Favorable News Coverage, Accern Reports

Headlines about Nokia Oyj (NYSE:NOK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Nokia Oyj earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.9814452926008 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

Several brokerages have weighed in on NOK. Vetr lowered Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $6.37 target price on the stock. in a research report on Monday, September 18th. BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 21st. UBS Group reaffirmed a “buy” rating on shares of Nokia Oyj in a research report on Wednesday, September 20th. Argus lowered Nokia Oyj from a “buy” rating to a “hold” rating and increased their target price for the stock from $4.76 to $4.91 in a research report on Monday, October 30th. Finally, Credit Suisse Group lowered Nokia Oyj from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $4.89 to $5.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $5.51.

Nokia Oyj (NYSE:NOK) traded up $0.03 during trading hours on Friday, hitting $4.92. The stock had a trading volume of 14,411,973 shares, compared to its average volume of 10,919,223. Nokia Oyj has a 12 month low of $4.50 and a 12 month high of $6.65. The company has a market capitalization of $28,554.68, a PE ratio of -44.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Nokia Oyj had a positive return on equity of 9.88% and a negative net margin of 2.09%. The company had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. equities analysts expect that Nokia Oyj will post 0.33 EPS for the current fiscal year.

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Nokia Oyj 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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