.jpg "Nokia (NYSE: NOK)")
After Kepler Capital and Canaccord Genuity gave Nokia (NYSE: NOK) a Buy rating last month, the company received another Buy, this time from Northland Securities. Analyst Tim Savageaux maintained a Buy rating on Nokia today and set a price target of $6.00. The company’s shares closed last Thursday at $3.67.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 5.8% and a 52.4% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, CommScope Holding, and Luna Innovations.
Currently, the analyst consensus on Nokia is a Moderate Buy with an average price target of $4.74, which is a 28.5% upside from current levels. In a report issued on April 15, Kepler Capital also maintained a Buy rating on the stock with a EUR4.20 price target.
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The company has a one-year high of $5.77 and a one-year low of $2.34. Currently, Nokia has an average volume of 36.4M.
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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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