Nokia Oyj (NYSE:NOK) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $0.42-0.48 for the period. Nokia Oyj also updated its FY 2019 guidance to $0.29-0.33 EPS.
Shares of NYSE:NOK traded down $0.22 during midday trading on Thursday, reaching $6.35. The company had a trading volume of 71,196,000 shares, compared to its average volume of 28,139,000. The company has a quick ratio of 1.05, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. Nokia Oyj has a 1-year low of $4.75 and a 1-year high of $6.65. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.41.
NOK has been the subject of a number of recent analyst reports. Raymond James upgraded Nokia Oyj from a market perform rating to an outperform rating and increased their price target for the company from $4.75 to $7.50 in a research report on Tuesday, January 8th. Zacks Investment Research lowered Nokia Oyj from a buy rating to a hold rating in a research report on Tuesday, December 18th. ValuEngine upgraded Nokia Oyj from a sell rating to a hold rating in a research report on Thursday, October 18th. Finally, Canaccord Genuity upgraded Nokia Oyj from a hold rating to a buy rating in a research report on Friday, October 26th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Nokia Oyj presently has an average rating of Hold and an average target price of $6.79.
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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