Nokia Oyj (NOK) to Release 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nokia Oyj Stock Down 0.3 %

NOK stock opened at $4.50 on Tuesday. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The stock has a market capitalization of $24.51 billion, a PE ratio of 56.19, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The company has a fifty day moving average of $4.41 and a 200-day moving average of $4.31.

Wall Street Analyst Weigh In

Several research firms have recently commented on NOK. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Northland Securities restated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Company Profile

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.