Somewhat Favorable News Coverage Somewhat Unlikely to Impact Nokia Oyj (NYSE:NOK) Stock Price
News coverage about Nokia Oyj (NYSE:NOK) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Nokia Oyj earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.9814452926008 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Wall Street Futures Slide, Europe Stocks Dip as Bond Sell-Off Spooks Markets – TheStreet.com (thestreet.com)
- Nokia Stock Pops on 5G Chip Release, Rumor of Trump Plan to Nationalize Network – TheStreet.com (thestreet.com)
- Nokia launches ReefShark chipsets that deliver massive performance gain in 5G networks (finance.yahoo.com)
- Nokia implements Future X network architecture for 5G to deliver breakthrough network performance and reduce costs (finance.yahoo.com)
- Nokia introduces high-capacity 5G chipsets, to ship in volume in Q3 (finance.yahoo.com)
Nokia Oyj (NYSE NOK) opened at $4.90 on Monday. Nokia Oyj has a 52 week low of $4.50 and a 52 week high of $6.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59. The stock has a market cap of $28,087.53, a price-to-earnings ratio of -43.73, a PEG ratio of 1.33 and a beta of 1.29.
A number of equities research analysts have recently issued reports on NOK shares. Canaccord Genuity dropped their target price on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating on the stock in a report on Friday, October 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia Oyj in a report on Friday, October 27th. Argus lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating and upped their price target for the company from $4.76 to $4.91 in a research note on Monday, October 30th. Goldman Sachs Group reiterated a “neutral” rating on shares of Nokia Oyj in a research note on Thursday, January 18th. Finally, Credit Suisse Group lowered shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and upped their price target for the company from $4.89 to $5.00 in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.51.
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About Nokia Oyj
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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