Nokia Oyj (NYSE:NOK) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $0.41-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.40. Nokia Oyj also updated its FY 2019 guidance to $0.28-0.33 EPS.

Several equities analysts have recently commented on the company. Charter Equity raised Nokia Oyj from a market perform rating to a buy rating in a research note on Friday. Nordea Equity Research upgraded Nokia Oyj from a hold rating to a buy rating in a report on Monday, May 20th. Zacks Investment Research upgraded IQE from a sell rating to a hold rating in a report on Thursday, April 4th. Danske upgraded Nokia Oyj from a hold rating to a buy rating in a report on Tuesday, July 16th. Finally, Raymond James boosted their price objective on Spotify Technology from $172.00 to $180.00 and gave the company a strong-buy rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $6.83.

Shares of NOK stock traded up $0.02 on Friday, hitting $5.72. The stock had a trading volume of 38,018,051 shares, compared to its average volume of 21,325,676. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 1.05. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 21.19 and a beta of 0.25. Nokia Oyj has a 1 year low of $4.71 and a 1 year high of $6.65. The firm has a 50 day moving average of $5.10.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.40 billion. Nokia Oyj had a positive return on equity of 7.68% and a negative net margin of 2.26%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. Equities analysts forecast that Nokia Oyj will post 0.25 earnings per share for the current fiscal year.

About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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