Goldman Sachs Maintains Nokia Corporation (ADR) to Buy with Price Target $7.20

Brokerage firm Goldman Sachs Maintains its rating on Nokia Corporation (ADR)(NYSE:NOK). In a research note issued to the investors, the brokerage major Raises the price-target to $7.20 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Jul 21, 2016.

In a different note, On Jun 30, 2016, Goldman Sachs said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm. On May 25, 2016, CLSA said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Outperform’ by the firm. On May 16, 2016, Canaccord Genuity said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Bank of America said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Raymond James said it Upgrades its rating on Nokia Corporation (ADR). The shares have been rated ‘Market Perform’ by the firm.

Nokia Corporation (ADR) (NOK) made into the market gainers list on Wednesdays trading session with the shares advancing 1.93% or 0.11 points. Due to strong positive momentum, the stock ended at $5.82, which is also near the day’s high of $5.84. The stock began the session at $5.81 and the volume stood at 62,43,698 shares. The 52-week high of the shares is $7.63 and the 52 week low is $5.01. The company has a current market capitalization of $33,243 M and it has 5,71,18,44,000 shares in outstanding.

Nokia Corporation (ADR)(NOK) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $6.39B. Analysts had an estimated revenue of $6.29B. Earnings per share were $0.03. Analysts had estimated an EPS of $0.03.

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 10000 patent families consisted of approximately 30000 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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