Nokia Oyj (HEL:NOKIA) has been assigned a €5.80 ($7.16) target price by equities research analysts at UBS Group in a note issued to investors on Monday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 20.33% from the company’s previous close.
A number of other research analysts have also commented on NOKIA. JPMorgan Chase & Co. set a €6.50 ($8.02) target price on Nokia Oyj and gave the company a “buy” rating in a research note on Tuesday, December 12th. Goldman Sachs Group set a €5.20 ($6.42) target price on Nokia Oyj and gave the company a “neutral” rating in a research note on Thursday. Deutsche Bank set a €5.20 ($6.42) target price on Nokia Oyj and gave the company a “buy” rating in a research note on Friday, January 12th. Societe Generale set a €7.30 ($9.01) price objective on Nokia Oyj and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Credit Suisse Group set a €4.20 ($5.19) price objective on Nokia Oyj and gave the stock a “neutral” rating in a research note on Friday, January 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Nokia Oyj presently has an average rating of “Buy” and an average target price of €5.60 ($6.91).
Shares of Nokia Oyj (NOKIA) traded up €0.02 ($0.02) during trading on Monday, reaching €4.82 ($5.95). The company’s stock had a trading volume of 11,700,000 shares, compared to its average volume of 25,320,000. The company has a market capitalization of $27,120.00 and a PE ratio of -18.54. Nokia Oyj has a 52-week low of €3.81 ($4.70) and a 52-week high of €5.95 ($7.35).
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Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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