Nokia (NOK) Received its Third Buy in a Row
After Kepler Capital and Northland Securities gave Nokia (NYSE: NOK) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Michael Walkley reiterated a Buy rating on Nokia yesterday and set a price target of $5.50. The company’s shares closed last Monday at $3.15.
According to TipRanks.com, Walkley is a top 100 analyst with an average return of 13.8% and a 59.7% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Sequans Communications S A, and Adesto Technologies.
Currently, the analyst consensus on Nokia is a Strong Buy with an average price target of $5.27, representing a 72.8% upside. In a report issued on March 17, 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 $5.96 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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