Nokia Oyj (NYSE:NOK) Updates FY 2020 Earnings Guidance
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.
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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