Nokia Corporation (NOK) Receives Price Target

Nokia Corporation (NOK) : 6 investment research analysts covering Nokia Corporation (NOK) have an average price target of $6.52 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.04 of the average price.

Nokia Corporation (NOK) : 5 brokerage houses believe that Nokia Corporation (NOK) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nokia Corporation (NOK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.


Also, Goldman Sachs maintains its view on Nokia Corporation (NYSE:NOK) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs raises the price target from $6.3 per share to $7.2 per share on Nokia Corporation. The rating by the firm was issued on July 21, 2016.

Nokia Corporation (NYSE:NOK): The stock opened at $5.70 on Thursday but the bulls could not build on the opening and the stock topped out at $5.72 for the day. The stock traded down to $5.63 during the day, due to lack of any buying support eventually closed down at $5.66 with a loss of -0.18% for the day. The stock had closed at $5.67 on the previous day. The total traded volume was 6,698,997 shares.

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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