Nokia (NOK) Earns Daily Coverage Optimism Rating of 0.18

Media headlines about Nokia (NYSE:NOK) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates 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 one, with scores closest to one being the most favorable. Nokia earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.0909173151696 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Nokia (NYSE NOK) traded down $0.06 during midday trading on Monday, reaching $5.01. The company had a trading volume of 9,260,000 shares, compared to its average volume of 16,030,000. Nokia has a 52-week low of $4.20 and a 52-week high of $6.65. The firm has a market cap of $29,270.00, a P/E ratio of 14.11, a P/E/G ratio of 1.15 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

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

A number of research firms have recently commented on NOK. BNP Paribas upgraded Nokia from an “underperform” rating to a “neutral” rating in a report on Tuesday, November 7th. Argus downgraded Nokia from a “buy” rating to a “hold” rating and upped their price objective for the stock from $4.76 to $4.91 in a report on Monday, October 30th. Canaccord Genuity dropped their price objective on Nokia from $7.00 to $5.50 and set a “hold” rating for the company in a report on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Nokia in a report on Friday, October 27th. Finally, Vetr upgraded Nokia from a “hold” rating to a “buy” rating and set a $6.37 price target for the company in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Nokia presently has a consensus rating of “Hold” and a consensus target price of $5.88.

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Nokia 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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