Nokia Oyj (NOK) is up 2.76% today after signing an exclusive 5G deal with Taiwan Mobile that is worth approximately €400 million. The deal allows Nokia as the sole vendor to supply communications equipment to Taiwan Mobile for its transition to 5G technology. NOK stock has seen a significant boost in share price after the deal was announced.
NOK stock is lower by -12.70% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary scoring system, gives NOK stock a score of 64 out of a possible 100.
That score is influenced by a fundamental score of 78. In addition to the average rating from Wall Street analysts, NOK stock has a mean target price of 5.06. This means analysts expect the stock to climb 13.20% over the next 12 months. NOK’s score also includes a long-term technical score of 65. The short-term technical score for NOK is 50.
What’s Happening with NOK Stock Today
Nokia Oyj (NOK) stock has risen 2.76% while the S&P 500 is up 0.96% as of 2:03 PM on Thursday, Jul 2. NOK is up $0.12 from the previous closing price of $4.35 on volume of 18,513,811 shares. Over the past year the S&P 500 is higher by 5.00% while NOK is lower by -12.70%. NOK earned $0.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 66.55.
