Nokia Oyj (NOK) Receiving Somewhat Favorable Media Coverage, Study Finds

Media stories about Nokia Oyj (NYSE:NOK) have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nokia Oyj earned a news sentiment score of 1.00 on their scale. InfoTrie also assigned media stories about the technology company an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have effected Nokia Oyj’s ranking:

NYSE:NOK traded down $0.06 during trading on Friday, reaching $5.87. The company’s stock had a trading volume of 11,833,202 shares, compared to its average volume of 15,358,746. The company has a market capitalization of $33.00 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.29 and a quick ratio of 1.05. Nokia Oyj has a 12 month low of $4.51 and a 12 month high of $6.41.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.56 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. Sell-side analysts anticipate that Nokia Oyj will post 0.26 earnings per share for the current year.

A number of research firms recently commented on NOK. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price target on shares of Nokia Oyj in a research report on Thursday, July 26th. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 19th. Exane BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 19th. Finally, DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Nokia Oyj presently has a consensus rating of “Hold” and a consensus price target of $5.92.

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About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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