Nokia Oyj (NOK) Projected to Post Earnings on Thursday

Nokia Oyj (NYSE:NOK) is anticipated to post its quarterly earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $4.61 on Thursday. The company has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $4.30. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 57.56, a price-to-earnings-growth ratio of 5.59 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

NOK has been the subject of several recent research reports. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $4.35 to $6.35 in a research note on Monday, December 9th. Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, 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 report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.