Cowen & Co. analyst Paul Silverstein maintained a Hold rating on Nokia Corp (NOK) on February 1 and set a price target of $6. The company’s shares closed on Friday at $6.13.
According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 25.5% and a 58.7% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, NeoPhotonics, and Ciena Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nokia Corp with a $7.20 average price target.
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Based on Nokia Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $219 million. In comparison, last year the company had a GAAP net loss of $454 million.
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Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, IP Networks & Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks.
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