Nokia Oyj (NYSE:NOK) Issues Earnings Results

Nokia Oyj (NYSE:NOK) issued its quarterly earnings results on Thursday. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05, Zacks reports. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%.

Nokia Oyj Price Performance

Nokia Oyj stock opened at $4.67 on Friday. The business has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $4.32. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The company has a market capitalization of $25.44 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Craig Hallum upped their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nokia Oyj has a consensus 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.