Brokerage Firm Rating Update on Nokia Corporation (NOK)

Nokia Corporation (NOK) : 11 analysts are covering Nokia Corporation (NOK) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Nokia Corporation (NOK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Nokia Corporation (NOK) : Currently there are 6 street experts covering Nokia Corporation (NOK) stock. The most bullish and bearish price target for the stock is $8 and $5 respectively for the short term. The average price target of all the analysts comes to $6.52. The estimated standard deviation from the target is $1.04.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Goldman Sachs maintains the rating on Nokia Corporation (NYSE:NOK). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the 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): The stock opened at $5.79 and touched an intraday high of $5.89 on Wednesday. During the day, the stock corrected to an intraday low of $5.79, however, the bulls stepped in and pushed the price higher to close in the green at $5.87 with a gain of 2.26% for the day. The total traded volume for the day was 8,347,763. The stock had closed at $5.74 in the previous trading session.

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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