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

Nokia Oyj (NYSE:NOK) is expected to announce 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. Investors interested in registering for the company’s conference call can do so using this link.

Nokia Oyj Stock Performance

NOK opened at $4.47 on Wednesday. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 5.72 and a beta of 1.06. The company has a fifty day moving average of $4.41 and a 200 day moving average of $4.31. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72.

Wall Street Analyst Weigh In

Several equities analysts have commented on NOK shares. StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Finally, Northland Securities restated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nokia Oyj currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Company Profile

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.