Nokia (NOK) Gets a Hold Rating from Charter Equity

Charter Equity analyst Edward F. Snyder maintained a Hold rating on Nokia (NOK) yesterday. The company’s shares closed last Friday at $4.67.

According to, Snyder is a 5-star analyst with an average return of 28.0% and a 72.1% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Texas Instruments.

Currently, the analyst consensus on Nokia is a Moderate Buy with an average price target of $5.39, a 13.2% upside from current levels. In a report released yesterday, Raymond James also maintained a Hold rating on the stock.

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The company has a one-year high of $9.79 and a one-year low of $3.21. Currently, Nokia has an average volume of 56.96M.

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Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.

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