Media stories about Nokia Oyj (NYSE:NOK) have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nokia Oyj earned a news impact score of 1.43 on their scale. InfoTrie also assigned news coverage about the technology company an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Nokia Oyj’s score:
- Nokia and China Mobile Research Institute sign agreement to drive a more open 5G ecosystem (finance.yahoo.com)
- Nokia announces 2018 Bell Labs Prize winners; Samory Kpotufe wins top prize for fundamental breakthrough in machine learning (finance.yahoo.com)
- China Mobile and Nokia launch industry-first commercially ready 5G hybrid indoor radio solution (finance.yahoo.com)
- Oi and Nokia sign network transformation agreement to prepare for future fixed and mobile broadband demand in Brazil (finance.yahoo.com)
- Nokia’s Threat Intelligence Report 2019 warns on the fast-growing and evolving threat of malicious software targeting Internet of Things (IoT) devices (finance.yahoo.com)
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Canaccord Genuity upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 26th. DNB Markets upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. ValuEngine upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Exane BNP Paribas lowered shares of Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.26.
Nokia Oyj stock opened at $5.53 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. The stock has a market cap of $31.65 billion, a PE ratio of 14.95, a PEG ratio of 2.34 and a beta of 0.62. Nokia Oyj has a 1-year low of $4.51 and a 1-year high of $6.41.
Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, October 25th. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.56 billion. Nokia Oyj had a negative net margin of 4.12% and a positive return on equity of 8.03%. Sell-side analysts predict that Nokia Oyj will post 0.26 earnings per share for the current year.
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Nokia Oyj Company Profile
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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