Nokia Corporation (NOK) : Analyst Rating Update

Nokia Corporation (NOK) : The consensus on Nokia Corporation (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 (NOK) : 6 Wall Street analysts covering Nokia Corporation (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 (NYSE:NOK): The stock opened at $5.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.34 for the day. The stock traded down to $5.22 during the day, due to lack of any buying support eventually closed down at $5.34 with a loss of -0.56% for the day. The stock had closed at $5.37 on the previous day. The total traded volume was 13,223,044 shares.

Also, Goldman Sachs upgrades their rating on the shares of Nokia Corporation (NYSE:NOK). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 30, 2016. The company shares have dropped -15.03% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.63 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $5.51 and the 200 Day Moving Average price is recorded at $6.08.

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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