Short Term Price Target on Nokia Corporation (NOK)

Nokia Corporation (NYSE:NOK) : 6 Wall Street analysts covering Nokia Corporation (NYSE:NOK) believe that the average level the stock could reach for the short term is $6.6. The maximum price target given is $8 and the minimum target for short term is around $6, hence the standard deviation is calculated at $0.82.

Nokia Corporation has dropped 0.18% in the last five trading days, however, the shares have posted positive gains of 5.99% in the last 4 weeks. Nokia Corporation is up 3.62% in the last 3-month period. Year-to-Date the stock performance stands at -14.39%. Also, Brokerage firm CLSA upgrades its rating on Nokia Corporation (NYSE:NOK). The shares have been rated Outperform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on May 25, 2016.

Nokia Corporation (NYSE:NOK) : The consensus on Nokia Corporation (NYSE:NOK) based on 11 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Nokia Corporation (NYSE:NOK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.62 and $5.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.69, notching a gain of 2.71% for the day. The total traded volume was 10,695,847 . The stock had closed at $5.54 on the previous day.

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.

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