News headlines about Nokia Oyj (NYSE:NOK) have been trending positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nokia Oyj earned a coverage optimism score of 3.00 on their scale. InfoTrie also assigned news headlines about the technology company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Nokia Oyj’s analysis:
- 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)
A number of brokerages recently weighed in on NOK. JPMorgan Chase & Co. downgraded shares of Nokia Oyj from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.50 to $4.20 in a research note on Friday, October 25th. DZ Bank lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating and set a $3.90 target price for the company. in a research report on Friday, October 25th. MKM Partners cut their price target on shares of Nokia Oyj from $7.50 to $5.50 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays lowered shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 price target on the stock. in a report on Friday, October 25th. Finally, 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 report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $5.20.
Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, October 24th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. The firm had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Nokia Oyj will post 0.22 EPS for the current fiscal year.
Nokia Oyj Company Profile
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).
Further Reading: Cost of Equity For A Business, Investors
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