Nokia (NOK) Earns Coverage Optimism Rating of -0.10
Media coverage about Nokia (NYSE:NOK) has been trending somewhat negative this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nokia earned a coverage optimism score of -0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 42.3324685131998 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Court rules BlackBerry owes $137 million to Nokia in payment dispute (phandroid.com)
- Market Chatter: Nokia Backs Away From Juniper Acquisition, CNBC Says (nasdaq.com)
- This Nokia phone is available in the U.S. for just $99 (technobuffalo.com)
- Nokia is reportedly interested in buying Juniper Networks for around $16 billion (businessinsider.com)
- BlackBerry will pay Nokia $137 million, try to hit back with other patent lawsuits (pocketnow.com)
Shares of Nokia (NYSE:NOK) traded down $0.06 during trading hours on Friday, reaching $4.95. 11,760,079 shares of the company were exchanged, compared to its average volume of 13,507,449. The stock has a market cap of $28,820.00, a PE ratio of 14.03, a PEG ratio of 1.14 and a beta of 1.25. Nokia has a one year low of $4.20 and a one year 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 (NYSE:NOK) last issued its earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Nokia had a negative net margin of 2.09% and a positive return on equity of 9.88%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. equities research analysts predict that Nokia will post 0.33 EPS for the current fiscal year.
Several research firms have issued reports on NOK. BNP Paribas upgraded shares of Nokia from an “underperform” rating to a “neutral” rating in a research note on Tuesday, November 7th. Argus cut shares of Nokia from a “buy” rating to a “hold” rating and increased their target price for the stock from $4.76 to $4.91 in a research note on Monday, October 30th. Canaccord Genuity lowered their target price on shares of Nokia from $7.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating on shares of Nokia in a research report on Friday, October 27th. Finally, Vetr upgraded shares of Nokia 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. One equities research 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. The stock has a consensus rating of “Hold” and an average price target of $5.88.
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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