Nokia Oyj (NYSE:NOK - Get Free Report) posted its earnings results on Thursday. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05, Zacks reports. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%.
Nokia Oyj Stock Down 2.0 %
Shares of NYSE NOK traded down $0.09 during trading on Friday, reaching $4.61. The company had a trading volume of 28,605,343 shares, compared to its average volume of 18,901,744. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The business's 50-day moving average is $4.44 and its 200 day moving average is $4.32. The stock has a market cap of $25.11 billion, a PE ratio of 57.58, a P/E/G ratio of 5.51 and a beta of 1.06.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded Nokia Oyj from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $4.35 to $6.35 in a report on Monday, December 9th. Danske upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday, October 18th. 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. Finally, StockNews.com raised shares of Nokia Oyj from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and a consensus target price of $5.86.
View Our Latest Stock Analysis on Nokia Oyj
Nokia Oyj Company Profile
(
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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.
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