Nokia PT Raised to $7.50 (NOK)
Investment analysts at Cowen and Company upped their price target on shares of Nokia (NYSE:NOK) from $5.00 to $7.50 in a note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective points to a potential downside of 1.57% from the stock’s previous close.
Nokia (NYSE:NOK) opened at 7.62 on Wednesday. Nokia has a 52 week low of $2.60 and a 52 week high of $7.77. The stock’s 50-day moving average is $6.8 and its 200-day moving average is $4.66. The company’s market cap is $28.288 billion.
Nokia (NYSE:NOK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter last year, the company posted ($0.07) earnings per share. Nokia’s revenue was down 21.8% compared to the same quarter last year. On average, analysts predict that Nokia will post $0.08 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital upgraded shares of Nokia from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 29th. They now have a $7.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Nokia from $5.50 to $7.50 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Nokia to $21.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.87.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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