Nokia Corporation (NOK) Receives ‘Analyst’ Rating

Nokia Corporation (NOK) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Nokia Corporation (NOK) : The highest short term price target forecast on Nokia Corporation (NOK) is $8 and the lowest target price is $5. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $6.53 with a standard deviation of $1.04.


Also, In a research note released to the investors, Goldman Sachs maintains its rating on Nokia Corporation (NYSE:NOK).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $6.3 per share to $7.2 per share. The rating by the firm was issued on July 21, 2016.

Nokia Corporation (NYSE:NOK): After opening at $5.46, the stock dipped to an intraday low of $5.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.56 and the buying power remained strong till the end. The stock closed at $5.56 for the day, a gain of 1.09% for the day session. The total traded volume was 15,616,128. The stocks close on the previous trading day was $5.5.

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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