Nokia Oyj (NOK) Projected to Post Earnings on Thursday

Nokia Oyj (NYSE:NOK) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Nokia Oyj to post earnings of $0.14 per share and revenue of $5,698,410.44 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Nokia Oyj Stock Down 0.1 %

Nokia Oyj stock opened at $4.61 on Thursday. The company has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $4.30. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $4.95. The company has a market cap of $25.11 billion, a P/E ratio of 57.56, a price-to-earnings-growth ratio of 5.59 and a beta of 1.06.

Analyst Ratings Changes

NOK has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their target price for the company from $4.35 to $6.35 in a research note on Monday, December 9th. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. Northland Securities reiterated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.86.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.