Nokia Corporation (NOK) Receiving Somewhat Positive Media Coverage, Study Finds

Media stories about Nokia Corporation (NYSE:NOK) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nokia Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.5834617384973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

NOK has been the subject of a number of research reports. Vetr raised shares of Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 price target for the company in a research note on Monday, September 25th. Credit Suisse Group reissued an “outperform” rating and issued a $5.75 price target on shares of Nokia Corporation in a research note on Thursday, July 6th. Societe Generale initiated coverage on shares of Nokia Corporation in a research note on Wednesday, June 14th. They issued a “buy” rating for the company. BNP Paribas downgraded shares of Nokia Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 21st. Finally, BidaskClub raised shares of Nokia Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. Nokia Corporation currently has a consensus rating of “Hold” and a consensus price target of $5.86.

Nokia Corporation (NOK) traded down 0.34% during midday trading on Friday, hitting $5.91. 7,151,337 shares of the stock were exchanged. The company’s market cap is $33.40 billion. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65. The firm’s 50 day moving average price is $6.08 and its 200 day moving average price is $6.05.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates 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 was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities research analysts forecast that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

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About Nokia Corporation

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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