Nokia Oyj (NOK) Projected to Post Quarterly Earnings on Thursday

Nokia Oyj (NYSE:NOK) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $5.70 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nokia Oyj Trading Down 0.8 %

Shares of NYSE:NOK opened at $4.47 on Wednesday. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The stock’s fifty day moving average price is $4.41 and its 200-day moving average price is $4.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The company has a market cap of $24.35 billion, a P/E ratio of 55.81, a PEG ratio of 5.72 and a beta of 1.06.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Northland Securities reiterated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum lifted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock 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.