Price Target Update on Nokia Corporation (NYSE:NOK)

Nokia Corporation (NYSE:NOK) : 6 investment research analysts covering Nokia Corporation (NYSE:NOK) have an average price target of $6.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $6 for the short term. Analysts expect the variance to be within $0.82 of the average price.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, CLSA upgrades its outlook on Nokia Corporation (NYSE:NOK). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on May 25, 2016.

Nokia Corporation (NYSE:NOK): stock turned positive on Thursday. Though the stock opened at $5.73, the bulls momentum made the stock top out at $5.75 level for the day. The stock recorded a low of $5.67 and closed the trading day at $5.7, in the green by 2.15%. The total traded volume for the day was 8,795,186. The stock had closed at $5.58 in the previous days trading.

The company shares have dropped -22.93% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.63 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $5.51 and the 200 Day Moving Average price is recorded at $6.19.

Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services, and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10,000 patent families consisted of approximately 30,000 individual patents and patent applications. The Company holds a majority stake in Alcatel-Lucent, among others, and owns operations and research and development (R&D) facilities in Europe, North America and Asia.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.