Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Nokia Oyj (NYSE:NOK) Stock Price

Media headlines about Nokia Oyj (NYSE:NOK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nokia Oyj earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.4629159977724 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Nokia Oyj (NYSE NOK) opened at $4.87 on Friday. The stock has a market capitalization of $28,145.93, a P/E ratio of 13.39, a P/E/G ratio of 1.33 and a beta of 1.29. Nokia Oyj has a 12 month low of $4.50 and a 12 month high of $6.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59.

Nokia Oyj (NYSE:NOK) last issued its 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. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. Nokia Oyj had a positive return on equity of 9.88% and a negative net margin of 2.09%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. equities analysts forecast that Nokia Oyj will post 0.33 earnings per share for the current fiscal year.

Several research firms recently commented on NOK. BNP Paribas cut Nokia Oyj from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $5.00 to $3.90 in a research report on Monday, December 4th. Vetr cut Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $6.37 price objective on the stock. in a research report on Monday, September 18th. UBS Group reissued a “buy” rating on shares of Nokia Oyj in a research report on Wednesday, September 20th. Credit Suisse Group cut Nokia Oyj from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $4.89 to $5.00 in a research report on Friday, January 5th. Finally, Argus cut Nokia Oyj from a “buy” rating to a “hold” rating and raised their target price for the stock from $4.76 to $4.91 in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Nokia Oyj has a consensus rating of “Hold” and a consensus price target of $5.51.

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Nokia Oyj 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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