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

Media headlines about Nokia Corporation (NYSE:NOK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nokia Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.6400361211042 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently weighed in on NOK shares. Vetr upgraded Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 price objective on the stock in a research report on Monday, September 25th. Argus lowered Nokia Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $4.76 to $4.91 in a research report on Monday, October 30th. BNP Paribas lowered Nokia Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 21st. Cowen and Company restated a “hold” rating and set a $5.00 price objective on shares of Nokia Corporation in a research report on Friday, July 28th. Finally, BidaskClub upgraded Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. Nokia Corporation has a consensus rating of “Hold” and an average target price of $5.75.

Nokia Corporation (NOK) opened at $4.97 on Monday. The stock has a market capitalization of $29,006.25, a PE ratio of 13.81, a PEG ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65.

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