Positive Media Coverage Somewhat Unlikely to Affect Nokia Oyj (NOK) Stock Price
Media headlines about Nokia Oyj (NYSE:NOK) have trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nokia Oyj earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.7509946407816 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Nokia Oyj (NOK) Earns Buy Rating from UBS AG (americanbankingnews.com)
- Nokia Corporation (NYSE:NOK) – What Do Analysts’ Recommend? – The Investor Guide (wallstreetnews24.com)
- Nokia Corporation (NOK)- Stocks Rallying on Performance Valuation – NASDAQ Times (nasdaqtimes.com)
- Nokia’s French job cuts on hold, minister says – Seeking Alpha (seekingalpha.com)
- Nokia Corporation (NYSE:NOK) – Hot Stock of the Day – The Investor Guide (wallstreetnews24.com)
Nokia Oyj (NYSE NOK) traded down 0.64% on Wednesday, reaching $6.18. The company’s stock had a trading volume of 13,618,448 shares. The stock’s market cap is $34.93 billion. The stock has a 50-day moving average of $6.25 and a 200-day moving average of $6.01. Nokia Oyj has a one year low of $4.04 and a one year high of $6.65.
Nokia Oyj (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. Nokia Oyj had a negative return on equity of 9.31% and a negative net margin of 7.72%. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that Nokia Oyj will post $0.30 EPS for the current fiscal year.
Several research firms have commented on NOK. Zacks Investment Research downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Vetr upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating and set a $7.28 price target on the stock in a research note on Friday, July 14th. BMO Capital Markets restated a “market perform” rating on shares of Nokia Oyj in a research note on Friday, June 16th. UBS AG restated a “buy” rating on shares of Nokia Oyj in a research note on Wednesday. Finally, BidaskClub downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.91.
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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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